The IMF has agreed to release $133 million to Angola, despite calls from NGOs for the Fund to withhold the disbursement until the Angolan government accounts for a $32 billion “discrepancy” in its public accounts. In an April open letter to IMF managing director Christine Lagarde, Human Rights Watch and Revenue Watch Institute urged a delay in the disbursement until the government has “clearly and adequately” disclosed the use of the $32 billion, and “implemented key safeguards to combat corruption and mismanagement”. In reply the IMF said that the discrepancies were due to “large quasi-fiscal operations being conducted by [state oil company] Sonangol on behalf of the government”, adding that this practice will be gradually phased out.
As India has risen in the World Bank's Ease of Doing Business rankings, it has seen other key development indicators slip.
New IMF gender guidance opportunity for civil society to keep its staff to account.
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