Vicky Nanjappa in Addis Ababa
Prime Minister Manmohan Singh has expressed disappointment at developing countries being ignored in the selection of the president of world's key financial body, the International Monetary Fund (IMF). Speaking to the media after the conclusion of the Second Africa India forum summit, he said international relation is about power equation and countries do not give up such powers easily.
IMF chief's post: India unhappy over selection
Image: Manmohan Singh at the Africa India forum summit."Reforms of global institutions (Bretton Woods Institutions) are high on the agenda of developing countries. But international relations beyond a point are a matter of power equation. I however do not know who will succeed the IMF chief," Mammohan Singh said.
IMF chief's post: India unhappy over selection
Image: Manmohan Singh at the Africa India forum summit."All in all, we have a large canvass before us, and I am extremely optimistic about the future of our cooperation. The similarity of our development experiences and circumstances has made India-Africa cooperation a genuine two-way street. This is its true strength and its distinctive feature," he pointed out.
IMF chief's post: India unhappy over selection
Image: Second Africa India forum summit.The flagship Pan African e-Network Project is functional in 43 countries and is still expanding, he said.
"We have made a quantum jump in the areas of training and scholarships in our ITEC Programme which has acquired a sound reputation across Africa. Our total commitment for the next three years by way of scholarships and training slots to Africa students will stand at more than 22,000," he said.
IMF chief's post: India unhappy over selection
Image: India, Africa to boost trade.
article