Joe Higgins (Dublin West, Socialist Party)
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Obviously, I cannot debate the issue with Dr. Donovan but given the horrific poverty and breakdown in Africa, some people would not agree with his assessment. Joseph Stiglitz, a world famous economist and recipient of the Nobel prize in economic sciences, said the following in his book Globalization and Its Discontents:

The IMF is not particularly interested in hearing the thoughts of its "client countries" on such topics as development strategy or financial austerity. All too often, the Fund's approach to the developing countries has had the feel of a colonial ruler.

What does Dr. Donovan say to that?