ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Grim Prospect for the Poor

Grim Prospect for the Poor ISG WHAT are the economic prospects for the developing countries over the coming few years? Several organisations make these forecasts every year. The IMF is one such organisation. Its latest projections, for the short as well as medium terms, hold little comfort for the poor countries, principally because the industrial countries would not set their own house in order and grow a little faster so that developing countries can export and import more and also because while the private financial market would simply not make much additional finance available to the developing countries the official flows hold little promise of increasing, thanks to the Reagan blight they have suffered from ever since the early 1980s.

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