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Africa Enjoying Dynamic Growth but Challenges Remain

21 Apr

ECO-opia

 

IMF Spring Meetings – 20 April 2013

http://www.imf.org/external/pubs/ft/survey/so/2013/CAR042013B.htm

 

African countries are focusing on improving their infrastructure and tackling unemployment to maintain their dynamic growth, said panelists at an IMF conference.

African finance ministers told reporters at the 2013 IMF-World Bank Spring Meetings that although Africa had weathered the crisis remarkably well, efforts needed to be undertaken to maintain solid inclusive growth.

Noting that Europe, Africa’s traditional trading partner, was still grappling with weak growth, ministers called for more regional integration, and greater trade amongst African countries to maintain dynamic growth in the continent.

Ministers also emphasized that Africa’s continued growth was based on sound policies including prudent fiscal and monetary policy, adequate foreign reserves and lower inflation.

They added that improving the business climate through more transparency and an easier access to information and statistics would facilitate the development of a strong private sector, which in turn would…

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Posted by on April 21, 2013 in Uncategorized

 

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