Monday, April 30, 2007

IMF Plans to Push Rich Nations on Promises of Aid to Africa, Portugal Says

(Bloomberg) -- The International Monetary Fund will put pressure on rich countries to keep promises of increasing aid to poor nations by monitoring them more closely, Deputy Managing Director Murilo Portugal said.

The Washington-based lender will use the annual Article IV country reports it compiles as ``surveillance,'' getting developed nations to account for their aid commitments, Portugal told Tanzanian businessmen in the capital Dar es Salaam yesterday.


Read more at Bloomberg Emerging Markets News

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