IMF OPENS 4TH REGIONAL TECHNICAL ASSISTANCE CENTRE IN AFRICA http://www.namnewsnetwork.org/v2/read.php?id=173551
The International Monetary Fund (IMF) on Monday officially opened its fourth Africa regional technical assistance center (AFRITAC) in Mauritius, offering capacity building services to 13 countries across Southern Africa and the Indian Ocean.“This is a bright day for capacity building in Africa,” IMF Deputy Managing Director Min Zhu told donors, delegates, and staff at an opening ceremony in Mauritius. Mr. Zhu said the opening of the center, known as “AFRITAC South,” was a critical milestone in the IMF’s Africa Capacity Building Initiative, which was launched in 2002. The initiative seeks to strengthen the capacity of African governments and institutions to design and implement sound macroeconomic policies consistent with their poverty-reducing strategies.

“The IMF launched this initiative with a vision: give access to all countries in sub-Saharan Africa to an IMF regional technical assistance center. This vision was a response to African heads of state, who realized the continent needed centers of capacity-building excellence on the ground in the face of mounting challenges. Today, we have implemented four-fifths of this vision,” Mr. Zhu stated.The new center, located in Port Louis, Mauritius, became operational on June 1, 2011. It serves Angola, Botswana, Comoros, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Zambia, and Zimbabwe.

[TRANSLATION:WE AIM TO KEEP AFRICA INDEBTTED FOREVER AND ENSLAVED TO OUR POLICIES,AND THIS IS AT BEQUEST OF AFRICAN HEADS OF STATE WICH ARE ALREADY UNDER OUR CONTROL...