Fri 06-10-2023 00:26 AM
ABIDJAN, 5th October, 2023 (WAM) – A prosperous world economy in the 21st century requires a prosperous Africa though advanced economies are rapidly ageing, but they have abundant capital, according to the IMF.
‘’The key will be to better connect that capital to Africa’s abundant human resources—to inject more dynamism into the current anemic global growth outlook.Africa also makes the strongest case for building economic resilience,” said IMF Managing Director Kristalina Georgieva in its 2023 Annual Meetings Curtain Raiser Speech here today.
‘’The COVID-19 pandemic, the crisis in Ukraine, climate disasters, the cost-of-living crisis, political instability: these are the many faces of a shock-prone world. Their impact is most fully on display in Africa, as is
the overwhelming necessity to better prepare ourselves for that world. And a prosperous Africa requires maintaining the most important bridge of all, the bridge that connects all countries—that of international cooperation.
As people in Abidjan would say: “On est ensemble”—“We are together”. During the Annual Meetings next week in Marrakech, we will make coming together meaningful for the people in our member countries.
‘’On this continent we can see, as under a magnifying glass, the challenges facing the world. But we also see its great potential. Africa has abundant resources, and boundless creativity and energy. And it is home to the world’s youngest and fastest-growing population,” she added.
Tariq Al Fahaam