The West messes up and Africa suffers - IMF told

DAR-ES-SALAAM: Tanzanian President Jakaya Kikwete has accused the IMF of unequal treatment of its members as the American-inspired global financial crisis comes to bear on the African continent.

Speaking at the opening of an IMF conference on Africa here this week, Kikwete said the Fund was treating the US and the EU with kid gloves even though it was clear that the present crisis was the product of financial mismanagement and indiscipline in those regions.

"I am sure if an African country had caused this crisis, the IMF would have jumped and screamed about lack of discipline and the need for countries to stick to (the) prescribed rules and guidelines of financial stability," the Tanzanian leader said.

Editor's Comment
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