|By PR Newswire||
|December 17, 2012 02:01 AM EST||
LONDON, December 17, 2012 /PRNewswire/ --
"The International Monetary Fund (IMF) decision to suspend its loan to the Democratic Republic of Congo (DRC) is a deeply upsetting development.
We have worked closely with the IMF for many years to cancel our debt, which was mainly racked up by the corrupt Mobutu regime. In doing so, our Government has established a strong working relationship with the IMF. Together, we designed a government economic program that would comply with all the conditions required to qualify for the cancellation of that debt under the Highly Indebted Poor Countries program. When that was achieved we embarked on an economic program that would allow the country to move forward after years of decay and civil wars.
Much economic progress has been realised despite difficult circumstances:
- between 2009 and 2012 the overall annual growth of our economy went from 2.8% to 7.2%.
- The inflation rate was brought down from 46% to 3%.
- The Congolese Franc is stable.
- Direct private investments are on the rise.
- Public revenue as well as the national wealth has doubled.
- The government has introduced a VAT that has helped the tax system for companies.
- The DRC has joined the OHADA, the African Organisation for the harmonisation of Business Laws that gives security to foreign investments.
- Special zones of activities with tax relief have been created in order to boost job creation.
- The government launched a system whereby salaries are paid through the banking system to fight corruption and to feed the banks with fresh cash every month.
- For the first time in decades, mineral production has reached the historical levels of 1980.
It is this positive trend that the IMF has decided to slow down by its decision to suspend the remaining portion of the loan.
The international community, and our bilateral aid donors in particular, know that we have been cooperative, transparent and above board in all our dealings with the IMF.
The decision to suspend the remaining portion of the loan at this time is in direct support of opposition forces aligned with those who work for the destabilization of our country and its government. This is a political attempt on the sovereignty of our nation and will alarm many other African and developing nations throughout the world.
Despite numerous challenges, we are working for a brighter future for all Congolese, and the cancellation of this loan will damage our foreign currency reserves and could destabilize our economy. It will directly hurt the people such loans are intended to help. Non-Governmental Organizations (NGO) who spread innuendo and claim corruption - without any evidence to back up their claims - need to take responsibility and realize the damage they are doing to economic prospects of the DRC and our population. They need also know that in such instances they are doing more harm than good to nearly 70 million people.
We can only presume that individuals and groups with political agendas against the Government of President Kabila have influenced the IMF representation in Kinshasa. When the DRC Government has given all the answers it can to all the questions put by the IMF, why now should the IMF office be singling out one contract as the basis for stopping loan disbursements of some $225 million? Have they fully considered the consequences that cancelling these loans will have on the DRC because they were unsatisfied with paperwork on one contract out of over 130 contracts?
The Government of the DRC has and will continue to work with the IMF and other international financial institutions. It is in our best interests to do so for numerous reasons, including that such international assistance further helps us put in place the institutions that President Kabila, who has restored democracy to the DRC after years of misrule, believes are essential to sustaining the progress we have made. We want to work with international partners who are demanding but understanding, critical but lucid, and respectful of our independence and sovereignty.
Those who lobby for the cancellation of vital loans - and those who are influenced by such hollow reasoning - are recklessly harming the prosperity of the DRC and its people."
WHOA.com has announced the newest addition to its data center footprint with the expansion into Equinix's newest state-of-the-art facility: DC-11 Washington, DC IBX+. Located in Ashburn, VA, this data center expands Whoa.com's presence to meet rapidly expanding customer demand for secure cloud solutions. Equinix, Inc. operates International Business Exchange™ (IBX®) data centers in 32 markets across 15 countries in the Americas, EMEA, and Asia-Pacific. Equinix is committed to operating faciliti...
Apr. 2, 2015 04:00 AM EDT Reads: 1,388
SYS-CON Events announced today that FierceDevOps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. FierceDevOps keeps software developers and IT operations personnel updated on the latest news and trends around the rapidly evolving role of the traditional IT worker.
Apr. 2, 2015 02:45 AM EDT Reads: 1,703
SYS-CON Events announced today that Creative Business Solutions will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Creative Business Solutions is the top stocking authorized HP Renew Distributor in the U.S. Based out of Long Island, NY, Creative Business Solutions offers a one-stop shop for a diverse range of products including Proliant, Blade and Industry Standard Servers, Networking, Server Options and...
Apr. 2, 2015 02:30 AM EDT Reads: 4,001
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Apr. 1, 2015 06:00 PM EDT Reads: 1,666
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
Apr. 1, 2015 05:15 PM EDT Reads: 693
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
Apr. 1, 2015 05:00 PM EDT Reads: 3,523
Business as usual for IT is evolving into a “Make or Buy” decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud busi...
Apr. 1, 2015 04:15 PM EDT Reads: 1,702
SYS-CON Events announced today that Litmus Automation will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Litmus Automation’s vision is to provide a solution for companies that are in a rush to embrace the disruptive Internet of Things technology and leverage it for real business challenges. Litmus Automation simplifies the complexity of connected devices applications with Loop, a secure and scalable clou...
Apr. 1, 2015 04:00 PM EDT Reads: 845
Businesses are looking to empower employees and departments to do more, go faster, and streamline their processes. For all workers – but mobile workers especially – utilizing the cloud to reconnect documents and improve processes without destructing existing workflows can have a dramatic impact on productivity. In his session at 16th Cloud Expo, Mark Grilli, vice president of Acrobat Solutions marketing at Adobe Systems Incorporated, will outline new ways that the cloud is changing the way peo...
Apr. 1, 2015 04:00 PM EDT Reads: 1,491
With the arrival of the Big Data revolution, a data professional is expected to master a broad spectrum of complex domains including data processing, mathematics, programming languages, machine learning techniques, and business knowledge. While this mastery is undoubtedly important, this narrow focus on tool usage has divorced many from the imagination required to solve real-world problems. As the demand for analysis increases, the data science community must transform from tool experts to "data...
Apr. 1, 2015 03:45 PM EDT Reads: 890
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, will provide some practical insights on what, how and why when implementing "software-defined" in the dat...
Apr. 1, 2015 03:45 PM EDT Reads: 714
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of C...
Apr. 1, 2015 03:45 PM EDT Reads: 777
SYS-CON Events announced today that Emcien will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Emcien’s vision is to let anyone use data to know the future. Emcien has built an automated, predictive analysis product that improves the lives of real people. Emcien allows people to automate their data analysis so they can build a better future.
Apr. 1, 2015 03:00 PM EDT Reads: 899
SYS-CON Events announced today that Solgenia will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional S...
Apr. 1, 2015 03:00 PM EDT Reads: 3,141
WSM International has launched a DevOps services division that offers assessment, consulting and implementation to large enterprises and organizations with complex infrastructures. The concept of DevOps is to blend information technology (IT) software development with operations to optimize the computing infrastructure according to the specific needs of the organization. According to a recent press release from Gartner, "By 2016, DevOps will evolve from a niche strategy employed by large cloud ...
Apr. 1, 2015 03:00 PM EDT Reads: 1,496