It seems unbelievable that the IMF is now boldly undoing the debt deal…agreed at its own annual meetings in September.
The deal that has been sealed by the Fund this weekend will provide urgently needed money for education and health care.
Unless we keep the scrutiny up, there's nothing to suggest this case will be any different.
The stage is now set for the World Bank shareholders to fulfill their part of the bargain tomorrow.
It appears that he is committed to health and education, which are nearly all of the millennium development goals. We'll be watching him very closely over the next few months to see whether he follows up on that.
On aid, things look really bad, the Americans seem completely unconvinced about the need to increase aid.
It's good that the IMF realized that they couldn't wriggle out of promised debt cancellation. The IMF must now deliver the funding quickly and without any further delay.
We are really depressed. We are left clawing our way back to commitments made three years ago. When we start defining success as simply standing still, that's a terrible situation to be in.
The IMF realized that the world was watching, and they couldn't deny millions of people the promised debt cancellation.
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