The International Monetary Fund and the Mozambican government last week hosted the “Africa Rising” conference, attended by policymakers and private sector and civil society representatives to discuss how to manage and promote the economic gains Africa has been making since the 2008 global economic downturn. In an interview with AllAfrica’s Melissa Britz, the fund’s Managing Director, Christine Lagarde outlined the key reasons for convening the conference, then discussed the opportunities and risks facing governments and people across sub-Saharan Africa:
We wanted to take stock of the developments of sub-Saharan African countries since we last all congregated in Tanzania five years ago. We are five years into and hopefully past the crisis, and the point was: number one to take stock of what had happened and, number two to lay out together and discuss with our African colleagues and partners what the opportunities were, what the challenges were.
What kind of fiscal policies, legal framework, fiscal and tax frameworks should be considered in order to benefit from the growth that we have seen in Africa? That’s really the whole point and I’ve heard from various participants that they really appreciated and found it interesting in terms of exchange of best practices, recommendations from various experts. So voila.
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