Are we seeing elephants fly or what?: Congratulations, you gentlemen from the IMF and World Bank; I have read your newfound views on Africa with great joy. But now, do please put your money where your mouths are.

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Opinion - International Monetary Fund - Column

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Are we seeing elephants fly or what?: Congratulations, you gentlemen from the IMF and World Bank; I have read your newfound views on Africa with great joy. But now, do please put your money where your mouths are.

Much has justifiably been made about the first ever joint trip to Africa, in February, by the managing director of the IMF, Horst Kohler, and the president of the World Bank, James Wolfensohn (see NA, April p11).

In doing this, the Bretton Woods institutions demonstrated not only that they were prepared to listen to the African leaders, but also, that they were putting Africa on the centre stage of their policies.

Indeed, after the trip, Kohler and Wolfensohn began to make a series of strong statements on behalf of Africa that could only gladden the hearts of all those interested in the economic development of the continent. ...

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