Hamjatta & Members,
Mozambique's debt service figure should read $1.2
million per week; not per day, as indicated. I
apologise for the error. Thanks
sidi sanneh

--- Sidi Sanneh <[log in to unmask]> wrote:
> Hamjatta,
> The softening of the position of the hardliners in
> Congress came, curiously
> enough, last Tuesday; a day before the Commission on
> International
> Financial Institutions was scheduled to submit its
> report to Congress. It
> is a tactical move designed to soften the blow
> coming from the sweeping
> recommendations of the Commission on the future
> structure and role of the
> IMF and World Bank in the international financial
> system. The likes of
> Jesse Helms will not soften their position without
> extracting a pound of
> flesh from the IMF, World Bank and beneficiary
> countries for that matter,
> as recently experienced by Koffi Annan when Jesse
> was invited to address
> the Security Council. I believe he is the first
> member of Congress ever
> accorded such a privilege and he proceeded to use
> the occasion to lecture
> the UN on the conditions under which he will make
> good on the US arrears to
> the Organisation.
>
> The Commission's report will have to be studied and
> analysed to assess the
> implications.  Until such time that the report is
> made public and hearings
> held, we should be guarded in our comments. If the
> recent article on the
> recommendations by the commission's chairman and
> Jeffery Sachs is anything
> to go by, the debate to follow will be long and
> acrimonious.
>
> Meanwhile, the US should follow the example of
> Gordon Brown and his
> government by supporting the British initiative in
> contributing to the
> Trust Fund, and making good on its pledge which the
> Treasury has already
> signed off on during last year's G-7 meeting in
> Cologne .This way,
> countries like Mozambique which currently spends
> $1.2 million a day to
> service her debts can use these most-needed funds in
> the reconstruction of
> her battered economic infrastructure.
>
> To members of the L who have already contacted the
> Bush campaign
> headquarters to register their concerns about his
> attitude towards Africa,
> you may consider adding this issue to your list of
> concerns and urge  your
> respective congressional representatives to support
> the debt write-off
> initiative.  Thank you
>
> sidi sanneh
>
>
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