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International Monetary Fund. External Relations Dept.

Jack Boorman, Director of the IMF’s Policy Development and Review Department, addressed the Berlin policy dialogue, examining ownership and IMF conditionality. Below are edited excerpts of his remarks.

International Monetary Fund. External Relations Dept.
Tanzanian President Benjamin William Mkapa’s remarks on the inauguration of East AFRITAC could not have been clearer or more emphatic. If Africa is to define its own economic destiny, it must strengthen its ability to design and implement sound economic policies. And policy ownership and capacity building are what the new regional technical assistance center, which opened October 24 in Dar es Salaam, is all about.
International Monetary Fund. External Relations Dept.

Earlier this year, Abdoulaye Bio-Tchané took over as Director of the IMF’s African Department. Before joining the IMF staff, he was Benin’s Minister of Finance and Economy. He began his career as an economist in the Central Bank of West African States (BCEAO), where he rose to become Director of the Economic and Monetary Survey Department. He recently returned from a one-week trip with IMF Managing Director Horst Köhler to Burkina Faso, Côte d’Ivoire, Democratic Republic of the Congo, Ghana, and Tanzania. At the end of the trip, on May 3, Köhler announced that the IMF plans to establish five regional centers in Africa to strengthen locally based technical assistance and training.

Sofia Soromenho-Ramos

About 80 leaders of labor unions and international confederations of unions, with nearly 200 million workers worldwide, joined IMF and World Bank management, staff, and Executive Directors in Washington on October 6-8 to discuss how to reduce poverty, create more jobs, enhance social inclusion, and reduce inequalities. While the unions’ leaders acknowledged efforts by the Bretton Woods institutions to consult more widely with unions and civil society, they said the IMF continues to pay too little attention to employment, wages, and social protection in its economic advice to countries. The meeting, the second in a biennial series instituted in 2002, built upon a tradition of dialogue with the global labor movement begun more than a decade ago.