Europe Should Loosen Its Neo-Colonial Grip on IMF.

Byline: Raymond Mpubani

On its website, the International Monetary Fund describes itself as an "organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." As Uganda can attest, after implementing IMF-suggested reforms to ignite our stagnant economy in the late 1980's, it has done an excellent job meeting those goals. The problem is that ever since it was founded in 1946, all its Managing Directors have been Europeans.

The arrest of Dominique Strauss-Kahn on charges of rape and his subsequent …