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Article

10 Sep 2004

Author:
Geoffrey Chandler, Amnesty UK Business Group; Andrew Mack, Univ. of British Columbia; Jeffrey Sachs, Columbia Univ.; George Soros, Open Society Inst.; Joseph Stiglitz, formerly of World Bank; Jean Baptiste Talla, Assn. of Episcopalian Confs. of the Central African Region; Simon Taylor, Global Witness & Publish What You Pay; David Ugolor, African Network for Envtl. & Econ. Justice

[PDF] [letter from 8 civil society leaders to Rodrigo de Rato y Figaredo, Managing Director, International Monetary Fund]

The IMF has a particularly important role to play in promoting revenue transparency because of its technical expertise and its focus on macroeconomic policies that are conducive to growth, development and poverty reduction...without such safeguards on its lending, our concern is that IMF assistance to [resource-rich developing] countries will inevitably fail to address the underlying reasons for poverty and macro-economic mismanagement.