Africa: Bad News - IMF Is Back

opinion

Lagarde is visiting when the government is desperate for new money but in no mood to listen. Usually that means no deal but possibly not when the IMF and Museveni need each other.

Meetings between teams from IMF and planners of Uganda's economy, especially President Yoweri Museveni, have historically involved divergent perspectives but common goals. Part of the reason is that they usually happen when the economy is undergoing tough strain imposed on it by a preceding election. It happened in 1990 when then-IMF boss Michel Camdessus visited, in 2007 when then Deputy Managing Director, Takatoshi Kato, and now when current IMF boss, Christine Lagarde, is visiting.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.