International Monetary Fund Managing Director Kristalina Georgieva visited Democratic Republic of Congo and Senegal in December, where she met with the current and upcoming chairs of the African Union (AU). In a guest column, she and Senegal's President Macky Sall - who will take the chair of the AU in 2022 - envision ways to boost African recovery from the severe economic and social disruptions of today's global crisis.
After the worst slump on record, Africa's economy is beginning to recover. But continuing global uncertainty, amid rising Covid-19 infections and the global spread of the Omicron variant, is threatening those prospects. Just over seven percent of Africans are vaccinated, contrasted with nearly 70 percent in advanced economies, largely due to companies and countries restricting Africa's access to vaccines. World Health Organization director-General Tedros Adhanom Ghebreyesus says that vaccine inequity could end the pandemic. But he warns that without vaccine equity, the crisis will continue - for all countries. Georgieva and Sall urge the international community to take three major actions to change the dynamic and support Africa's recovery.
Felix Tshisekedi, President of the Democratic Republic of the Congo, welcoming IMF Managing Director Kristalina Georgieva to Kinshasa.
IMF, 15 December 2021
A very good morning, good afternoon, and good evening to all—wherever you are. My name is Antoinette Sayeh. I am Deputy Managing Director of the International Monetary Fund… Read more »
IMF, 10 December 2021
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), the Minister of Finance and Budget of Senegal, Abdoulaye Daouda Diallo, and the Minister of… Read more »
IMF Managing Director Kristalina Georgieva visits Délégation générale à l'Entrepreneuriat Rapide des Femmes et des Jeunes in Dakar.
allAfrica, 1 October 2021
As finance and economy ministers of Africa, multilateralism for us is more than just an abstract foreign policy issue. It is about achieving prosperity for millions of our… Read more »
The IMF's six-monthly economic outlook for the Sub-Saharan region, shows that the economies will begin to recover from last year's Covid-19 shock and grow again in 2021. But a ... Read more »