IMF
Program in CAR
"Off Track,"
GDP Down 20%,
Lagarde to
Africa, Not
Bangui
By
Matthew
Russell Lee
UNITED
NATIONS,
December 12 --
When the
International
Monetary Fund
began
its embargoed
media briefing
on Thursday
morning, the
first
announcement
was that
Managing
Director
Christine
Lagarde will
be
going to
Africa in
January.
Inner
City Press
asked, "on
Central
African
Republic, is
there
anything the
IMF is doing
or planning to
do? Will
Managing
Director
Lagarde be
visiting
Bangui?"
IMF
spokesperson
Gerry Rice
answered that
there are no
plans for
Lagarde
to visit
Bangui (and
presumably
anywhere else
in the CAR),
but he had
an answer
ready.
The
IMF's program
with CAR is
"off track...
the first
review could
not be
completed."
Rice said that
the country's
GDP will
contract 20%
in 2013. He
said that
political
stability and
security
are needed as
a first step,
a coordinated
response from
the
international
community.
Coordinated,
it
seems, by
France.
Already
President
Francois
Hollande has
suggested
moving up the
elections from
2015 to the
second half of
2014. He
visited
Bangui; World
Bank president
Jim Kim along
with the
UN's Ban
Ki-moon
recently
visited Bamako
and other
Sahel
capitals.
Here
was another
Africa
question
submitted by
Inner City
Press, and a
Saudi Arabia
question with
an Africa /
Ethiopia
angle:
On
Sudan, what is
the IMF's view
of Netherlands
offering 150
million
Euros in debt
relief, and of
the new
cabinet
recently
unveiled? Will
Managing
Director
Lagarde be
visiting
Khartoum?
On
Saudi
Arabia, deputy
managing
director Min
Zhu is quoted
about job
creation for
Saudi citizens.
Any IMF
comment on the
Saudis' mass
deportation of
foreign
workers for
example from
Ethiopia?
In
the forty
minutes of
Q&A, those
in the room in
Washington
asked
about Greece,
Ireland,
Ukraine (the
IMF's
Executive
Board will
hold
an Article 4
meeting on
December 16)
and, online, a
question about
Pakistan.
So how will
the
information
about Lagarde
Africa trip be
announced. And
where WILL
Lagarde go in
Africa? Rice
said he'll
have
more on this
soon. Watch
this site.