Rato promises more effective IMF

Rodrigo Rato on Wednesday 4 August promised changes at the International Monetary Fund that would ensure its assistance to Africa was more effective and debt relief more readily available.

Rodrigo Rato met heads of state and financial officials from Chad, Cameroon, Central African Republic, Congo Republic, Equatorial Guinea and Sao Tome at the presidential compound in Libreville, Gabon on the second stage of his first visit to Africa since becoming the fund's managing director in June.