Free article preview  

The World Bank is insisting that borrowers keep their promises on transparency

The governments of Congo-Brazzaville and Chad are at odds with the International Monetary Fund, headed by Rodrigo de Rato y Figaredo, and the World Bank under its new chief, Paul Wolfowitz. The Bank, which has got tougher since Wolfowitz took over from James Wolfensohn as its President in mid-2005, insists that if governments borrow money, they do so on the agreed terms. By the end of March, when the IMF and Bank boards meet to consider Congo's inclusion in the Heavily Indebted Poor Countries (HIPC) debt-relief programme, President Denis Sassou-Nguesso's regime must comply with stiff conditions on accountability and transparency....

(This article contains approximately 1181 words)

end of free article preview

Current subscribers: log in now to read the complete article. Misplaced your password? Then click here for a password reminder.

Not a subscriber? Then you can read this article in full either by becoming a subscriber now, for 3, 6 or 12 months, or you can buy this individual article.

  • Subscribe to Africa Confidential:
  • Buy this article:
  • 3-month subscription
    Prices from £205.00 (+ VAT where applicable)
    6-month subscription
    Prices from £376.00 (+ VAT where applicable)
    12-month subscription
    Prices from £705.00 (+ VAT where applicable)
  • UK & European Union
    £17.00 (+ VAT where applicable)
    Rest of the world
    $27.00

  • If you have a print subscription already, click here for a password that gives you full access to the website.
  • If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.

Keywords:

Rodrigo de Rato y Figaredo, Paul Wolfowitz, James Wolfensohn, Denis Sassou-Nguesso, British, Cooke, Denis Gokana, Denis Christel, Roger Rigobert Andely, Pacifique Issoibeka, Expensive phone call, Cameroon, Idris Déby, Sudan, Tom Erdimi, Libyan, Central African Republic, Société Nationale des Pétroles du Congo, Banque Centrale des Etats de l'Afrique Centrale, Chef de cabinet, Rassemblement pour la Démocratie et la Liberté, Communauté Economique et Monétaire de l'Afrique Centrale