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Technology Covidgate in Cameroon: NGOs require more controls before any new IMF loan

08:15  19 june  2021
08:15  19 june  2021 Source:   rfi.fr

Germaine Ahidjo, the former first lady of Cameroon, died in Senegal

 Germaine Ahidjo, the former first lady of Cameroon, died in Senegal © Wikimedia Commons CC0 Gahetna Germaine Ahidjo, the former first lady of Cameroon in 1979 on official visit with her husband in the Netherlands (image of illustration). It was in Senegal where it was exile for 38 years that Germaine Ahidjo went out. She died at the age of 89 and was buried at the Yoff Cemetery of Dakar alongside her husband, Ahmadou Ahidjo, the first president of the independent Cameroon, dead in 1989.

The IMF reached a staff-level agreement with Cameroon in May for a new program, and its board is set to decide on the new program in the coming months. To proceed with the funding , Cameroon should disclose Covid-19-related contracts and render the results of an independent audit public, it said in an That transparency should extend to future loans , Human Rights Watch said in a statement. “When badly-needed aid is being squandered or stolen, it would be irresponsible for the IMF to approve another loan without safeguards to ensure that the money goes where it is intended,” Sarah Saadoun

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Vue de Yaoundé, capitale du Cameroun. (Photo d'illustration) © Tim E. White / Getty Images View of Yaoundé, Cameroon Capital. (Photo Stock Illustration)

While the Executive Board of the International Monetary Fund must meet soon to decide on a new loan to accord to Cameroon, NGOs and civil society organizations rise to the niche to ask the International Organization. 'Require anti-corruption measures to the government in exchange for this loan.

mid-May, an audit of the Chamber of Accounts of the Cameroonian Supreme Court on 180 billion CFA francs lent by the IMF to fight the pandemic focused on social networks and revealed that billions of CFA francs would have been diverted.

Laurentian created a 'manufactured crisis' to cut ties with 3 schools for $10M loan, court told

  Laurentian created a 'manufactured crisis' to cut ties with 3 schools for $10M loan, court told Laurentian University's attempts to cut ties with three federated schools, on the road to getting a $10-million loan to help it continue with restructuring for survival, was met with heated opposition and accusations in Ontario Superior Court on Thursday. Laurentian lawyer D.J. Miller argued the Sudbury, Ont., university wouldn't' be sustainable without the loan, so needs to end contracts with Thorneloe University, the University of Sudbury and Huntington University, including to keep $7.7 million in grants and funding that would normally flow to those partners.

Quotas, which are pooled funds of member nations, generate most IMF funds . The size of a member's quota depends on its economic and financial importance in the world. This breakdown in international monetary co-operation created a need for oversight. The representatives of 45 governments met at the Bretton Woods Conference in the Mount Washington Hotel in Bretton Woods, New Hampshire, in the United States, to discuss a framework for postwar international economic co-operation and how to rebuild Europe.

With the departure of the head of the International Monetary Fund , Dominique Strauss-Kahn, attention has focussed on the IMF . What does it do and who does it lend money to? • Get the data.

In the full pandemic, while hospitals lacked everything, gloves, masks, screening tests, ambulances ... were promised caregivers through the funds lent by the IMF. But the money would have been widely diverted. Sarah Saddoun, researcher at Human Rights Watch, now requires safeguards.

"We want transparency. We want to access comprehensive accounts related to COVID-19. In addition, the audit is only partial. It only concerns two ministries out of the ten who received COVID funds. We, we wish a complete and independent audit on all COVID expenses. We also want all those involved in these corruption facts make accounts.

The Ministry of Communication recalls in a statement that a judicial investigation is under way. Yet, Maximillian Ngo MBE, Director of the Network of Human Rights Defenders in Central Africa (Redhac), calls for vigilance.

"If almost all departments, including the Prime Minister, went to the Special Court, we are worried because justice for a while is very sick and increasingly orders. We still saw the special court be buried and especially the offices where some of the ministers went into audition ... "

contacted by RFI, the IMF asserts to bring" special attention to the issue of transparency and governance. . We do not want it to go to the background in this crisis, "says a spokesperson.

Sudan receives massive help from the IMF .
© ASHRAF Shazly Farmers Sudanese show a sample of their peanut harvest near Ardashiva (south of Khartoum), August 8, 2020 The IMF announced Tuesday Economic Aid Massive in Sudan, with a $ 50 billion debt relief, which devotes the exit of the African country of its financial and political isolation, started with the support of Washington after the end of the Era Omar El-Bashir.

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