While the World Bank and IMF are constantly discouraging the use of subsidies in African countries in line with one of the tenets of the Washington Consensus, the developed countries have continued to use subsidies to stabilize their economy, particularly in critical sectors such as the agricultural sector.
BIS Review 1/2010  1  U.S. monetary policy, 2002–2006 I will begin with a brief review of U.S. monetary policy during the past decade, focusing on the period from 2002 to 2006.