IMF miffed over Mali president's $40 million plane

[World News]

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The International Monetary Fund expressed worry Monday over the luxurious $40 million new airplane of Mali's president, despite his impoverished country's deep dependence on international aid. "We are concerned about the quality of recent decisions such as the purchase of the presidential plane worth $40 million and the issuance of a $200-million state guarantee to allow a private company to buy supplies... for the army," an IMF spokesman told AFP. The spokesman said the money for President Ibrahim Boubacar Keita's aircraft did not come from $33 million in emergency funding the IMF deployed to the west African country last year. Nevertheless, the IMF spokesman said, the purchase and the guarantee illustrates "weaknesses in public financial management."

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