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AFRICAN DEVELOPMENT BANK WARY OF GIVING AID TO DJIBOUTI


According to Wiki leaks’ latest release of US cable about Djibouti 

African Development Bank (ADB) Economist charged with East Africa, Mahamadou Drame, met with politicians and economists Off March 9th to discuss U.S. aid to Djibouti and ADB’s plan for Djibouti. Drame inquired about which areas United States aid would cover and asked how money given to Djibouti is managed. He said he is tasked with coordinating with donors to better organize ADB’s program to best help Djibouti. Drame was very interested in whether coöperation between international donor organizations was happening and whether there were plans to begin such coöperation. Politicians and economists Off noted that the Ambassador has expressed a desire to begin a similar coördination.

Drame was especially concerned with the amount of money given to Djibouti in terms of military aid; how it was implemented, was there monitoring, and who controlled the money.

Drame commented that ADB has put on hold the seven million dollars earmarked for Djibouti because IMF monitoring has not occurred for over a year. (Comment: Drame implied that ADB would like to release the funds during a period of IMF monitoring to make sure proper usage. End Comment.) ADB feels that Djibouti has many weaknesses that need to be addressed. Drame indicated that ADB could offer only a small amount of assistance to Djibouti because of its performance record of economic mismanagement

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About labo22

Hi, this is Labaale your average concerned citizen of Horn of Africa, we’re really worried about the stability of this war torn region, we have the worst dictators from around the world, ironically supported by the Western Countries supposedly the advocators of democracy, transparency, good governance and human Right, If regime change is really needed this is the place to start, we have no short of rootless dictators from MELES Zenawi of Ethiopia,ISMAIL Guelleh of Djibouti,RAYAALE Kahin of self-declared Somaliland and ISAIAS Afwerk of Eritrea.

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