Annual meetings 09: DC is getting ready

a chilly Wash DC, like the global economy is awaiting the big of this world for the IMF/WB annual meetings.

The news are not too good. IMF project a 1.3% drop in global output growth. Sub
Sahara Africa will still grow albeit at a rate far from what is needed to even match population growth. While we should by no mean paint the continent with the same brush oil producers will still do well although they sound less confident. However to the dissapointment of my fellow anti-aid (Mr. Easterly, Ms. Moyo and others) the begging pots will be out chasing the new treasure hunt of the IMF...which by the way is about to sell a small portion of its gold stock to fund its administrative expenses and also finance economically weaker countries (READ EASTERN EUROPE AND PAKISTAN).