Source: Mail & Guardian Online

Mariette le Roux | Cape Town, South Africa

The heads of the International Monetary Fund (IMF) and World Bank urged developed countries on Friday to boost aid flows to Africa and to do so fairly and predictably.

"There is a need for more aid, but there is also a need for better aid," IMF managing director Rodrigo de Rato told reporters in Cape Town on the fringes of a gathering of the Parliamentary Network of the World Bank.

He said the conditions attached to aid should be harmonised, with assistance flowing more predictably to the countries needing it.

"Many of the challenges of African governments, especially the ones who have lower fiscal resources, is to be able to plan infrastructure investment, health investment, education investment.

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Posted by pichu at March 16, 2007 4:16 PM