This paper critiques the 2017 version of the IMF and World Bank’s LIC DSF contained in IMF (2017a). It uses accumulated emerging market and developing country experience, especially from Africa, and economic logic to show that the 2017 DSF is obsolete and should not therefore be implemented. It recommends an alternative, simpler approach that responds to the exigencies of the day: that a new public debt crisis in ADF countries (African LIDCs in IMF parlance) is unfolding even as public investment needs for meeting the SDGs and creating jobs for Africa’s burgeoning youth remain vast.

Download the full copy here: Critique of IMF DSF 2017 Review June 1 2018