By Grieve Chelwa and Vijay Prashad Across Africa, the International Monetary Fund (IMF) presents itself as the custodian of macroeconomic stability. Its latest Article IV staff reports on Ethiopia. Malawi, Nigeria, South Africa, and Zambia are written for economies with very different histories and institutions. Yet they converge on a familiar prescription: fiscal consolidation, tighter monetary policy, market-determined exchange rates, subsidy reform, deregulation and ‘priva

Marek Slusarczyk, CC BY 3.0, via Wikimedia Commons By Vijay Prashad and Grieve Chelwa On 8 July 2025, the IMF published a brief blog post...