IMF chief looks to strengthen ‘financial safety net’ for Africa

We may earn money or products from the companies mentioned in this post. please note that some of the links below are affiliate links, and at no additional cost to you, we will earn a commission when you use one of the links. The company pays us for referral link sharing, which helps us run this blog and give our in-depth content to our readers for free.

Protecting debt-laden African countries from painful cuts to social services is top of mind for the World Bank and International Monetary Fund heading into the new year, the IMF chief told reporters in Washington.

With climate change exacerbating the rise of poverty and hunger after three decades of progress, both institutions are rethinking their tools and priorities, IMF Managing Director Kristalina Georgieva said at a 12 January roundtable with journalists, laying out the outlook for 2023. Helping Africa get back on track will be a key focus at a meeting of African creditors next month and at the international financial institutions’ spring meetings in Washington in April.

Your browser could not fetch this story

If you are reading this message your browser has Javascript disabled. Please enable Javascript in order to access to this story.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *