The IMF and the WB will withhold assistance from Equatorial Guinea until President Obiang accounts for the use of oil revenues.
Sub-Saharan Africa
Conditionality
News
Ghana faces IMF arm-twisting
After the IMF intensified retaliatory measures on Ghana for failing to comply with its requirements, the country now appears eager to please the Washington institution, probably at a high social cost.
Infrastructure
News
Transparency of power agreements faulted
The World Bank recently argued that it could not release the Power Purchase Agreement (PPA) of the Nam Theun II dam in Laos because “it is a proprietary agreement and IDA is not at liberty to disclose it without the agreement of the signatories”.
Social services
Commentary
The Fund or the people?
Mulima Kufekisa Akapelwa, Economic Justice Programme Coordinator for the Catholic Centre for Justice, Development and Peace, says that IMF-forced privatisation leads Zambians to ask who their government answers to.
Environment
News
New claim on Chad-Cameroon project
Communities in Cameroon affected by the World Bank financed Chad-Cameroon oil pipeline have filed a new claim with the Bank’s Inspection Panel.
Accountability
News
Lesotho corruption verdict
Following a seven month trial, Canadian company Acres International was convicted on two counts of bribing an official to secure contracts for the Lesotho Highland Water Project, which received financing from the World Bank.
Social services
News
Ghana water privatisation disputed by independent analysts
An international fact-finding mission on plans to reform the water sector in Ghana made its conclusions public before the Annual Meetings of the World Bank and the IMF.
Land
News
IFI role in Southern Africa famine condemned
A new study from Oxfam questions why, after years of World Bank and IMF-designed agricultural sector reforms, Malawi, Zambia, and Mozambique face chronic food insecurity.
Rights
News
Africans challenge monopoly on policies
Activists from Eastern and Southern Africa gathered in Nairobi early August to discuss a civil society Economic Policy Project launched by MWENGO, a reflection and development centre for NGOs in the region.
Rights
News
Bank inspectors find fault with Chad Cameroon pipeline project
The Bank’s own Inspection Panel has backed many of the complaints by non-governmental organizations about a major oil pipeline in West Africa.
Accountability
News
Bank’s pledge to fight corruption put to test
Allegations of corruption made against Bank-backed projects in Lesotho, Uganda and Kenya have raised questions about the Bank’s recent anti-corruption crusade. A report from Mozambique complains that the Bank is rewarding “good performance” by allowing corruption.
Finance
News
G8: “Absolutely zilch” for Africa
Civil society organizations were disappointed by the outcome of talks at the G8 summit in Canada on an Africa Action Plan, HIPC and education.