Africa’s economic struggle: How currency devaluation exacerbates poverty
By Twink Jones Gadama In the global economic landscape, currency valuation plays a pivotal role in shaping the financial health of nations. The International Monetary Fund (IMF) has long advocated for the devaluation of currencies in developing countries, particularly in Africa, under the premise that such measures would enhance export competitiveness. However, this approach raises critical questions about the underlying…
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