Africa: Fragile Economies Are Trying to Enhance Their Financial Resilience. Markets Are Happy, Citizens Less So

Plans for ambitious reform in Egypt, Turkey and Argentina could fold in the face of public unrest. A second Trump term may change how the IMF and World Bank respond.

One remarkable phenomenon these days is the sheer number of governments in economically fragile countries that are implementing tough economic reforms.

Argentina, Turkey, Egypt, Ecuador, Nigeria, and Pakistan for example are all adopting, in differing degrees, painful economic policies. The intention is to live more within their…