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Africa Renewal

The Africa Renewal magazine examines the many issues that confront the people of Africa, its leaders and its international partners: sustainable development goals, economic reform, debt, education, health, women's empowerment, conflict and civil strife, democratization, investment, trade, regional integration and many other topics. It tracks policy debates. It provides expert analysis and on-the-spot reporting to show how those policies affect people on the ground. And, it highlights the views of policy-makers, non-governmental leaders and others actively involved in efforts to transform Africa and improve its prospects in the world today. The magazine also reports on and examines the many different aspects of the United Nations’ involvement in Africa, especially within the framework of the New Partnership for Africa’s Development (NEPAD).

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More policy freedom or belt-tightening?

Rather than “graduating” from the much-criticized economic reform programmes promoted by the International Monetary Fund (IMF), a number of African countries are opting to sign on to an extended version. The Fund describes its new Policy Support Instrument (PSI), introduced in 2005, as a “non-financial mechanism.” Unlike other IMF programmes, it does not come with any direct financing from the Fund. Instead countries receive IMF advice, monitoring and endorsement of their policies. So far six countries, all of them African, have signed on to the instrument, and more are considering doing so.

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