Measured Optimism

15/04/2011
Measured Optimism

The worst is over, but the world is not yet completely out of trouble, considers Dominique Strauss-Kahn.
The global economic recovery has become stronger, but there's nothing to be proud of said the Director General of the International Monetary Fund (IMF), on Thursday.
According to the latest IMF report on the World Economic Outlook, for low-income countries, including Togo, rising food prices and oil crisis are becoming major concerns.
In the activity report released on Friday, Kossi Assimaidou (photo), Administrator of the IMF for 24 African countries, confirms this trend.
Despite the improved global economic outlook, risks remain high. They arise, particularly, with the new surge in oil prices, food and raw materials," states the document.
Mr. Assimaidou also reviewed the programs implemented for African countries for the period November 2010-mid April 2011.
In Case of Togo, the report recalls that the Governing Board of the IMF approved on reaching the point of achievement under the HIPC Initiative, on December 10, 2010.
The administrator of the Fund finally indicated that the International Monetary Fund mission will be visiting Togo from April 26 to May 13.
Kossi Assimaidou had a long discussion, on Thursday in Washington, with Adji Otteh Ayassor, the Togolese Minister of Economy and Finance, who participated in the spring meetings of the IMF and World Bank.

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