Monday, March 08, 2010

IMF as herald

Africa taking center stage in the latest barrage of official visits and communique from the IMF, and, it being heavily influenced by U.S. policy makers, we see the growing shift to the antipodes in action.

All that is required now is a crisis in Latin America forcing U.S. involvement, and the modern corollary to the Monroe Doctrine will commence and eventually be implemented de facto.

IMF Managing Director Strauss-Kahn Calls on Africa to Rebuild Policy Foundations Shaken by Global Economic Crisis
Press Release No. 10/73
March 8, 2010

In a speech in Nairobi, Kenya, Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), assessed the impact of the global economic and financial crisis on Africa. While noting that the crisis had struck Africa through many different channels, he said that “all across the continent, we can see signs of life, with rebounds in trade, export earnings, bank credit, and commercial activity.” He said the IMF expects growth of around 4½ percent in 2010. “In short, I think that Africa is back—although a lot depends on a global recovery that is in its early stages.”

Africa’s Economic Transformation—the Road Ahead
An Address by Dominique Strauss-Kahn, Managing Director of the International Monetary Fund
At the Kenya International Conference Center
Nairobi, March 8, 2010

As Prepared for Delivery

Good morning. It’s a great privilege to take part in this distinguished panel discussion. A year ago, I participated in a similar dialogue in Tanzania, focused on how the global financial crisis was affecting Africa. And now, a year later, attention turns to Africa’s economic transformation after the crisis. This debate could not be more important or more timely.

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