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Newspaper Columns ~ Financial
Gazette

From Rural Rhodesia to Citadel
of Global Capital.
Dr Callisto Madavo is a
Zimbabwean who was raised in the
rustic environs of Rhodesia.
With determination, intellectual
brilliance and diligence as his
sole weapons, he has become a
fundi in economics and leader of
an international organisation.
Appointed vice-president of the
World Bank for the Africa Region
from May 1 2000, Madavo told me
at a banquet in Washington D.C.
that he has been with the bank
since 1969.
The soft spoken Madavo is not
the gaudy type that is driven by
affectation or condescension.
The bespectacled Madavo snaked
out his business card for me and
as I perused on the
inscriptions, I didn't see any
honorific or doctoral titles
preceding his name.
It's simply Callisto E. Madavo -
that's what humility is all
about.
By observing Madavo from a
distance, I have concluded that
the man loves Africa deeply
despite the ideological
conflicts that often arise
between his organisation and
individual polities of the
beloved continent.
He firmly believes in the bank's
credo of a "world without
poverty".
Equipped with a doctorate in
economics from the University of
Notre Dame, Madavo works with a
highly skilled team of 1 400
individuals, with 850 staffers
being native Africans.
An influential insider such as
Dr Madavo can help to lubricate
the friction between the bank's
honchos and African governments.
Thus, Madavo would advocate for
reforms within the bank in
regard to their deportment in
handling African economies as
the bank's vice-president.
Yet he could also assume the
avatar of an emissary of African
interests in order to bridge the
lacuna that exists between the
bank's interests and the African
cause.
For instance, as the bank's
vice-president he can fervently
advocate for free market
economies but as an African
ambassador to the bank he could
encourage the bank to abandon
its bully-like attitude.
It is on record that there have
been ideological and diplomatic
lapses between the bank and
intended beneficiaries.
In the attempt to promote free
market economies, the
neo-liberal advocates of
economic reforms have insisted
on issues of governance and
democracy but with a patronising
or rather condescending
comportment.
This has inevitably triggered
resentment from local leaders
because most of them felt
slighted by the approach.
Rather than creating relations
of affection and mutual concern,
the intercourse between the bank
and developing nations has been
less consensual.
The ersatz relations have
evolved into that of a
philanderer and a prostitute: do
this for my money - even when
hurting!
Therefore the conditionalities
have been rather imposed where
cajolery was needed.
The idea of fostering capital
investment in a free market
culture is noble but the "proselyters"
have been presumptuous,
completely neglecting local
needs, concept of development
among the locals and setting
quixotic standards.
The bank would achieve its goals
if it focuses on promoting
flexible frameworks for capital
growth that allow free markets
to flourish, foreign investment,
technology flow from
industrialised nations and
respect of local sovereignties.
Such courtship can be smoother
if middlemen like Madavo ensure
that the relations are not
abusive but reflect genuine
commitment instead of
meretricious flattery.
The World Bank has loaned Africa
more than US$60 billion to date
and made its first commitment to
Ethiopia in 1951.
Madavo obviously realises how
Africa is marginalised in global
affairs and he tries to define
Africa's wealth in terms other
than material.
He says: "At the World Bank, our
dream is a world without
poverty. The challenge of
achieving that dream is great.
"But, in a setting like this, I
am more inclined first to
celebrate the wealth of our
continent. For there are,
indeed, many assets that we can
draw on. Not just minerals and
forests. Not just the
agriculture and water resources
of the continent. And not just
the scenery and wildlife which
impress so many visitors to
Africa.
"I'm talking of the joy and
tranquillity we find when we go
home to Africa, the warmth of
family, the strength of our
traditions in the face of modern
pressures, the habits of sharing
and civil discourse, the social
obligation not to leave anyone
behind, particularly the weak,
the elderly and orphans; the
notion of shared responsibility
within the family and community
and rich, rich arts which
express the joy and community of
being African."
The quotation vindicates my
assertion that Madavo loves the
continent.
However, it is the approach of
the bank towards Africa that
leaves a lot to be desired.
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There is no doubt
that Africans want
good communication
technology, better
transportation
systems, clean
water, better
housing, quality
health care and so
on.
The process must be
implemented while
local leaders are
treated in the same
manner as leaders in
wealthy nations
regardless of their
shortcomings.
Dr Madavo, the ball
is in your court.
Diplomacy works! |
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Gwinyai Dziwa
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