African Press International (API)

"Daily Online News Channel".

IMF boss hails relations with Mauritania as excellent

Posted by African Press International on August 3, 2008

The Director General of the International Monetary Fund (IMF), Mr. Dominique Strauss Kahn on Friday in Nouakchott described relations between Mauritania and the Fund as an example to be followed by other countries.

Mr. Strauss Kahn was holding a news conference, on the sidelines of the meeting of the African apex banks governors to the IMF and the World Bank.

He hailed Mauritania for its economic reforms, which he said, are aimed at alleviating poverty, which affects a large portion of this North-west African countrys population.

About his institutions mission, Mr. Strauss Kahn insisted that the IMF seeks to stabilise the world economy and develop the economic potentialities of member countries.

As for the current world crisis, the IMF boss insisted on the fact that it stems from the increasing oil and food prices, and the oil producing countries refusal to export their product, adding that the Breton Woods institutions (World Bank and IMF) have nothing to do with this global crisis.

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apa/SOURCE.APA

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