The IMF has told the transition government in Cote d’Ivoire that it should cut government spending after finding that spending was more than double the level agreed by the former president, who was overthrown in December 1999.
Sub-Saharan Africa
Infrastructure
News
Ugandans condemn Bank on dam and environment
In late February two Ugandan organisations sent a strong memo to the World Bank about the proposed Bujagali Dam Project.
Conditionality
News
African heads warn against new conditionality
African heads of state met in Libreville, Gabon in January to discuss the economic agenda for Africa in the new millennium.
Conditionality
News
Chiluba attack on IMF
Zambian President, Fredrick Chiluba has blamed the IMF for Zambia’s economic problems, saying that the IMF’s reforms, advocated by rich countries, had brought unemployment and a rise in poverty levels.
Infrastructure
News
IMF oil price increase fuels protests
Threats of oil prices rises sparked protests in Nigeria in December.
Finance
News
Mozambican NGO rejects Bank emergency lending
The Mozambican Debt Group (MDG) has protested against the one-year moratorium on Mozambican debt service payments granted by the World Bank in response to the devastation caused by the worst floods experienced by the country, and against the Bank providing loans to support emergency efforts.
Rights
News
Chad-Cameroon latest
The oil companies involved in the Chad- Cameroon oilfield and pipeline project have pulled out of the planned deal.
Land
News
Civil society assesses SAP record in Zimbabwe
In November 250 representatives of civil society met in Harare for the first Zimbabwe national forum of the joint NGO-WB SAPRI (Structural Adjustment Participatory Review Initiative).
Finance
News
Jubilee South summit
Jubilee 2000 representatives held a South-South Summit in South Africa in late November.
Infrastructure
News
Chad Cameroon project faces further problems
The World Bank has again delayed a decision on the Chad-Cameroon oil pipeline after further criticism from NGOs in Chad, Cameroon, Europe and the USA.
Accountability
News
Bribes by companies in Bank-funded African project
A dozen major international dam-building companies involved in the World Bank-funded Lesotho Highlands Water Project (LHWP) have lavishly bribed a top official on the project, allegedly giving nearly US$2 million in bribes over ten years.
Accountability
News
Politics before good policies in Zimbabwe
The IMF has agreed to lend US$7.32 bn to the Zimbabwean government despite continued concerns about corruption in the land reform process; the cost of supporting Zimbabwean troops in the Democratic Republic of Congo (DRC); a planned privatisation of the Hwange power plant; and the reintroduction of price controls.
