allAfrica
[New Times] The relationship between IMF financing and Africa is complex and can be described as a "beautiful ugly" one. Every time the International Monetary Fund (IMF) issues a "warning" to Africa, it lands like a concerned parent scolding a wayward child. The latest one, Africa's debt is sprawling out of control, follows the script. African governments must "exercise caution" in borrowing, tighten fiscal belts, and guard against "rising debt vulnerabilities." On the surface, it's sensible. Scratch beneath, and the