|The Indian Ocean economy, society, culture and politic which existed in the 1970's was massively devided between the East and West idology. Capitalist verses the Communism - Socialist power block.|
Given that most of the colonial powers that had left the region were significantly mistrusted by the regional young nation's. On the other hand Austria which was a nutral nation with very good connection to the COMECON and Soviet Union was ideal to contribute to the setting up of the first Interdisciplinary Management Institute model upon Prof Micheal Hoffman Vienna Institute - the Guru in this field for German speaking nations.
In 1979 at a meeting in Vienna of its Executives, a young Seychelles national Mitchel Juan EDMOND , married to an Austrian wife, was confered a Fellow and granted the Indian Ocean Charter, this responsibiliy held to date.
For the past 25 years, its has existed and operated from Britain and EU . It has unofficial associate status - network not just in the Indian Ocean, IOIMF have acquired a global presence. For the past 20 years Hon Mitchel Juan EDMOND has acted in the capacity of its Principal or Head. There have been very strong argument giving this elite discipline to inexperience Heads of state and their governments - it being liable to abuses.
Heads of most leading Western G 8 nations, Royalty, their institutions , the EU and African Union institutions, lobby to raise awareness and get due support.
In 2004 the first official attempt was made to set up in Seychelles, with the view to compensate the government SIM - Seychelles Institute of Management. Given the major economic , regional and international challange particular was facing. It had been expected from the very important good will and unpaid services amounting to $150 millions, representing some 15 years of assisting, providing Seychelles government importantly among other regional governments, its very many corporate associates with one of the region and world leading expert in multidisciplinary government, national economy and corporate management expertise.
A Second attempt was made in 2004 this time reaching to the players of the Seychelles economy and the regions. By selecting special work and projects IOIMF had participated, led to its conception, provided expertise or synergised it amounted to $15 millions in owed revenue. With the failiur came the massive earth quake and the Tsunami 2004/5
In discussion with leading Seychelles law firms that we establish an International web presence for IOIM and that the wording foundation be used and added to our charter.