Posted on November 16, 2015 by iMFdirect
by Antoinette Sayeh
(Versions in Français and Português)
Rising inequality is both a moral and economic issue that has implications for the general health of the global economy, and impacts prosperity and growth.
So it’s not surprising that reducing inequality is an integral part of the Sustainable Development Goals adopted by world leaders at the United Nations summit in September. I often discuss with my colleagues where sub-Saharan Africa stands with respect to these objectives. Unfortunately, the region remains one of the most unequal in the world, on par with Latin America (see Chart 1). In fact, inequality seems markedly higher at all levels of income in the region than elsewhere (see Chart 2).
Filed under: Africa, growth, IMF, Inequality, International Monetary Fund | Tagged: Africa, Angola, Antoinette Sayey, Cameroon, gender inequality, growth, inclusive growth, inequality, Kenya, Mali, Namibia, Niger, South Africa, Sub-Saharan Africa, sustainable development Goals | Leave a comment »
Posted on December 16, 2011 by iMFdirect
Africa is on the move. While several other regions of the world have to address slowdown and uncertainty, many countries in Africa have been facing a contrasting challenge: to respond to the growing demand for their bountiful resources and manage rising investment in much-needed infrastructure. But at the same time, growing economic uncertainty in the world is raising concerns across the continent where vulnerability to global shocks remains high.
Christine Lagarde is visiting Africa for the first time as Managing Director of the International Monetary Fund this week and she says that she hopes to deepen the Fund’s partnership with Africa.
Filed under: Africa, Economic Crisis, Employment, Financial Crisis, growth, IMF, Inequality, International Monetary Fund, Low-income countries | Tagged: Christine Lagarde, commodities, Good Luck Jonathan, infrastructure, investment, Ngozi Okonjo-Iweala, Niger, Nigeria, shocks | 6 Comments »