“We are learning a lot of lessons about how those who have enjoyed privilege and power hope to continue to enjoy them in a world that is changing so fast that 50 percent of economic growth now comes from developing countries. . . It’s a great pity that we preach and talk about democracy and transparency and accountability and good governance but when we are put to the test of practising this principle in the important process of choosing the IMF managing director, we forget them and look for backroom deals.. . Africa is lectured all the time on being accountable but those who lecture to us find it difficult to practise what they preach.”