The timing is ripe as African countries grapple with sluggish growth, food insecurity and debt distress.
CNN: According to IMF reports, the levels of inflation and public debt we’re seeing in Africa have not been seen in many decades.
Kristalina Georgieva, managing director of the IMF, speaks in Washington, DC, in April at a meeting of the World Bank and IMF.
Georgieva: I expect to see a very strong focus on the African continent.
We did a paper on how the continental free trade agreement can benefit Africa if these trade and non-trade barriers are eliminated and the results are phenomenal: trade within Africa can increase by 53%, trade between Africa and the rest of the world by 15%, and real income per capita could grow by 10%.
Persons:
Kristalina Georgieva, Georgieva, CNN’s Eleni Giokos, Kevin Dietsch, we’re, they’re
Organizations:
CNN, International Monetary Fund, World Bank, Bank, IMF
Locations:
Africa, Marrakech, Morocco, Washington , DC