In the Nairobi Star courtesy of the Mars Group Andrea Bohnstedt takes down Bob Geldof’s featured role in the IMF’s Nairobi event last week. I expected Geldof’s star turn would surely generate an articulate retort, and this is it.
More broadly, the Mars Group Blog slams the IMF, asserting that it deserves an “F” grade for its record of 46 years of lending to Kenyan governments and should desist.
Dominique Strauss-Kahn, IMF Managing Director, had this to say on the official IMF “blog” under the title “Africa is Back”:
In the wake of the global financial crisis, there is a fresh energy in Sub-Saharan Africa–and a broad consensus on the road ahead. Above all, there is the strong sense that Africa’s destiny will be driven by Africans, not by others.
That at least is my initial feeling after two days of dialogue in Kenya with President Kibaki and government officials, civil society leaders and trade unionists, academics and students, and ordinary Kenyans. “Africa is back” is how I described it in a live TV debate in Nairobi with Prime Minister Odinga, Minister of Finance Kenyatta, Nobel Laureate Wangari Mathai, Transparency International’s Akere Muna and my friend, Bob Geldof.
See commentary from Roubini Global Economics