Hopefully this initiative will be implemented in a way that maximizes member-state participation. The focus should be on sound governance and transparent fiscal accountability, which leads to the establishment of credibility by newly democratized countries attempting to break out of a vicious cycle of corruption and poverty. Countries engaged in war should be excluded from receiving this type of fungible assistance. The institutions of the international financial system must be more responsive to the legitimate political needs and aspirations of member-states. National governments must be responsive to their constituents as well as international organizations.
Economic decisions do have political consequences.
Newly democratized countries such as Nigeria and even more established countries such as Zimbabwe remain fragile polities that could easily descend into chaos. It led to rioting in the streets of Monrovia. President Tolbert tried to backtrack, given the political consequences of removing food subsidies. Unfortunately, it was too late. He was heinously murdered by the brutal Samuel Doe.