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International Monetary Fund. External Relations Dept.

During July 2-8, in his first visit to sub-Saharan Africa since taking office, IMF Managing Director Horst Köhler met with government authorities and representatives of civil society in Nigeria, Senegal, Mozambique, Botswana, and South Africa. The purpose of his visit was, first, to hear from the authorities on the economic situations and challenges facing their countries and, second, to listen to the views of African leaders on the IMF’s role and its involvement in restructuring African economies. In his meetings, he emphasized that there is today a single integrated world economy and the development of Africa is an essential component in ensuring its health. At the same time, he agreed with the African leaders he met that the IMF should stay fully engaged in Africa and should not succumb to any mood of “Afro-pessimism.”