Open letter to IMF managing director:
'Africa needs to forge a new dream'

Africans are striving for democracy, but their hopes may be dashed by increasing poverty and a "much greater marginalization of Africa in the process of economic globalization," warn Ms. Marie Angélique Savané and Mr. Hakim Ben Hammouda, representing the Council for the Development of Social Science Research in Africa (CODESRIA), one of the continent's foremost academic bodies. To avoid further misery and democracy's derailment, the International Monetary Fund (IMF) and other multilateral financial institutions must be more open to African aspirations, they declare in an open letter to IMF Managing Director Horst Köhler, released during his early July visit to Dakar, Senegal, where CODESRIA is headquartered.

Africans have "followed to the letter the prescriptions that the Messiahs of your institution have forcefully recommended," Ms. Savané and Mr. Hammouda say. "Economies have been liberalized, our states' involvement in economic regulation has been reduced, public enterprises have been privatized, the dynamics of growth have been reoriented toward the international market. Our governments have progressively ceded their economic sovereignty to donors, with your institution and the World Bank in the front ranks."

The open letter urged Mr. Köhler during his visit to Senegal to walk through the streets and visit schools, health clinics and villages. "Our failures should lead you to reevaluate the policies and development strategies your institution has recommended to our countries, in the sad vocabulary of structural adjustment." The authors warn that such widespread misery is leading many to question the value of democracy, and to engage in desperate and destructive violence.

"Africa needs to forge a new dream and new plans capable of restoring hope to our populations," they conclude. The IMF can help by cancelling the continent's foreign debt, supporting the work of African experts, and permitting African governments "the capacity to master their own destinies."

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