IMF Bemoans The Infrastructural Growth In Africa

​BREAKING NEWS

IMF Bemoans The Infrastructural Growth In Africa

The International Monetary Fund (IMF) on Wednesday said the leadership of Africa nations must take responsibility of the infrastructural growth of their respective countries.

IMF also urged the people of the continent to demand better and more infrastructure from their leaders.

Miss Ha Vu, a Public Financial Management Specialist of the IMF stated this on Wednesday at the institution’s headquarters in Washington DC, United States.

Ms Vu and and Mr Karim Barhoumi, IMF Resident Representative in Benin and Togo, jointly spoke on the theme ‘Public Investment Efficiency in Sub-Saharan African Countries: What Lies Ahead?’ on the sidelines of the IMF Spring Meetings 2018.

In response to our correspondent’s question on why Africa was still battling economic issues despite suggestions by the IMF and the World Bank, she said the bodies only provide framework and have no powers to implement.

She said: “Your question is very good. We try to help African counties to improve infrastructural governance. Now, who do you think should be the key actor?

“It is you, Africa. We are here to support, to guide. Infrastructural governance won’t improve if the framework we provide is not applied.

“The role of the framework is to guide you, to find the issues, to know where to look at. So what the IMF do is provide the technical assistance to implement reforms.”

Also speaking, Mr Barhoumi said: “You are right. There are political issues. It depends on the commitment you have at the political level.

“The Fund is always ready to help. Other developmental partners are ready to help. But more importantly, you, in Africa, must help too because we would like to see more and better infrastructure for the people.”

Please Share This Post