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Angola: IMF Should Insist on Audit

Posted by admin 310 days ago (http://www.hrw.org)
AFRICANEWSWIRE.NET (July, 17 2012) 

The International Monetary Fund (IMF) should insist that Angola’s government explain how it spent more than US$41.8 billion in unaccounted oil revenues from 2007 to 2011, Human Rights Watch, Open Society Initiative of Southern Africa (OSISA)-Angola and the Revenue Watch Institute said in a letter to the IMF released today. The IMF’s Executive Board is scheduled to meet on July 11, 2012, in Washington, DC, to discuss Angola as part of an annual review of each of its member countries. 

(Washington, DC) – The International Monetary Fund (IMF) should insist that Angola’s government explain how it spent more than US$41.8 billion in unaccounted oil revenues from 2007 to 2011, Human Rights Watch, Open Society Initiative of Southern Africa (OSISA)-Angola and the Revenue Watch Institute said in a letter to the IMF relea

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