Africa/global: Leading a horse to water - the IMF and poverty reduction

Many observers were sceptical when a few years ago the IMF embarked on a mission to respond to the "cries of the poor", in the words of its then head Michel Camdessus. Little has been delivered since then on what was supposed to be a new, more flexible approach and the time has come for an in-depth reconsideration of the Fund's role in low-income countries, says the Bretton Woods Project.