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IMF chief changes tune

    JOHANNESBURG

    The International Monetary Fund (IMF) will not impose conditions and policies on African countries that are not in their interests, the IMF managing director, Horst Koehler said on Thursday.

    Addressing a media conference in Mozambique after his one-day visit to the country, Koehler said: “The IMF will not insist on building conditionalities which are not in the countries’ interests and will not help the countries solve their problems. The IMF is not here to lecture, to force, to dominate with something governments do not want.”

    Koehler said all his institution wanted was to give “the best advice with the best expertise we have”. He warned, however, that the IMF had to be serious about safeguarding its money.

    Koehler left Mozambique on Friday for neighbouring South Africa on the final leg of his five African-nation tour.
    He has already been to Nigeria, Senegal and Cameroon in his first visit to Africa since he took over his job in May.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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