IMF—Delivering on Promises to Africa

2017-04-15T14:40:20-04:00March 7, 2010|

At a conference in Tanzania a year ago, the IMF committed to improving its policies and operational approaches in Africa and pledged to ensure Africa’s concerns would be taken into account during the meetings of the Group of Twenty (G-20) industrialized and emerging market countries and be an advocate for Africa. Now, IMF Managing Director Dominique Strauss-Kahn, on a visit Kenya, South Africa, and Zambia--his third trip to the region in the past 12 months--presents the scorecard of how the IMF has delivered on its promises to the continent.

IMF Helping Africa Through the Crisis

2017-04-15T14:53:22-04:00September 10, 2009|

By Antoinette Sayeh

I believe that Africa’s needs must be fully reflected in any global response to this unprecedented recession. With similar intentions, leading policymakers and stakeholders in Africa gathered in Tanzania last March to discuss how to work with the IMF on this. Under the leadership of President Kikwete and IMF Managing Director Strauss-Kahn, the participants agreed to build a new, stronger partnership.

More than just rhetoric, these common goals included the IMF seeking more resources for Africa and reacting more rapidly, responsively, and flexibly. While much remains to be done, I think it is a fair to say that we have achieved a remarkable amount on both fronts—more in fact than I could have imagined when I started in my job just a little over a year ago.

My colleague, Hugh Bredenkamp has done a fine job detailing the IMF’s response to the needs of low-income countries. In  this post, I would like to talk a little about what it all means for Africa.

Sorting cashew nuts in Tanzania Sorting cashew nuts in Tanzania

As a reminder, the IMF agreed to mobilize $17 billion through 2014 for lending to low income […]

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