Africa’s growth has been sluggish in recent years, but IMF managing director Kristalina Georgieva believes new opportunities lie ahead.
When the world’s top finance officials and central bankers gather for the annual meeting of the International Monetary Fund and the World Bank later this year, the future of Africa may take center stage. Due to be held in Marrakech, Morocco, in October, it will be the first IMF-World Bank meeting that has taken place on the continent in 50 years. The timing is ripe as African countries grapple with sluggish growth, food insecurity and debt distress.
The world economy could have collapsed during Covid, but it didn’t. Why? Because we came together, and we sailed through this crisis together. In Marrakech, we must do it again and especially concentrate on prospects for emerging markets and developing economies — the opportunities that the youthful population in Africa provides for Africa and for the rest of the world. You’re talking about the young demographic on the continent, which of course is part of the growth prospects for Africa.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF approves new $7.5 billion loan for Argentina amid financial crisisThe Latin American country is dealing with a struggling economy that has seen inflation soar above 100 percent and poverty levels climb up to 40 percent.
Read more »
Total spending on fuel subsidies topped $7 trillion in 2022, IMF saysGlobal subsidies for fossil fuels rose by $2 trillion over the past two years to reach a record $7 trillion in 2022, according to new estimates from the International Monetary Fund.
Read more »
West Africa bloc rejects Niger junta's three-year plan as 'provocation'ECOWAS says diplomacy with military leadership remained open, but it is not going to engage in drawn-out talks that lead to nowhere.
Read more »
China, Russia and other emerging economies turn to main summit agenda in South AfricaLeaders of some of the developing world’s most important economies are turning to the main business of their summit in South Africa after a speech by Russian President Vladimir Putin gave the gathering an anti-Western tinge.
Read more »
China, Russia and other emerging economies turn to main summit agenda in South AfricaLeaders of some of the developing world’s most important economies are turning to the main business of their summit in South Africa after a speech by Russian President Vladimir Putin gave the gathering an anti-Western tinge.
Read more »
China, Russia and other emerging economies turn to main summit agenda in South AfricaLeaders of some of the developing world’s most important economies are turning to the main business of their summit in South Africa after a speech by Russian President Vladimir Putin gave the gathering an anti-Western tinge.
Read more »