IMF [to 31 May 2014]
http://www.imf.org/external/index.htm
Maputo Joint Declaration Africa Rising: A Shared Vision For Sustained Growth And Prosperity
Press Release No. 14/251
May 30, 2014
Excerpt
Meeting in Maputo on May 29-30, 2014, Finance Ministers and Governors from sub-Saharan Africa and the IMF took stock of sub-Saharan Africa’s impressive achievements over the past two decades, its increased resilience to shocks and economic policy challenges for sustaining growth and development. An increasing number of countries in sub-Saharan Africa have registered strong economic performance, reflecting skillful macroeconomic policymaking, stronger institutions, increased aid, and higher investment in both human and physical capital. But in many countries, the benefits of this growth are not well-shared, there remain wide infrastructure gaps, and job creation falls short of expectations. The drive towards structural transformation and diversification, combined with a young, dynamic population, offers an opportunity to accelerate progress with poverty reduction, inclusive growth and job creation.
African Ministers and Governors and the IMF Managing Director agreed to further strengthen the partnership between the Fund and its African membership and respond to the evolving needs of the sub-continent. Policy dialogue and capacity building will reflect the ambitious agenda aimed at: upholding macroeconomic stability with policy actions designed to foster structural transformation and sustain strong and inclusive growth; overcoming fragility; ensuring adequate financing for Africa’s development; and building institutional capacity, including in human resources. The engagement will take into account the different needs of the African membership, ranging from countries facing challenges of fragility and conflict, to middle-income and emerging market economies…
Keynote Address: Africa Rising—Building to the Future
by Christine Lagarde, Managing Director, International Monetary Fund
Maputo, May 29, 2014