rebuilding resilience

Abebe Aemro Selassie: “Africa has changed. So has the IMF!”

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This article is part of the dossier:

IMF and Africa: Different this time?

By Estelle Maussion

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Posted on December 21, 2021 16:00

Transparency, debt, investments… The director of the Africa Department of the International Monetary Fund analyses the relationship between the Washington institution and the continent.

He is entering his sixth year as ‘Mr. Sub-Saharan Africa’ at the IMF. Asked on the sidelines of the annual meetings in October, Abebe Aemro Selassie, who joined the institution in 1994, emphasises the IMF’s role in the region’s resilience.

The result is a growth forecast of 3.7% for 2021 and 3.8% for 2022. However, Africa remains the least vaccinated of continents and the most vulnerable. Hence the need, says the Ethiopian, to be more demanding on the implementation of development policies.

The latest IMF report on sub-Saharan Africa, published in October, sounds the alarm on the growing gap between the development trajectories of countries. Can this trend be reversed?

Abebe Aemro Selassie: These divergences, which existed before the Covid-19 pandemic, have increased with the crisis. That said, I am convinced that we can change the situation. On the one hand, the continent has already

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