IMF: Economies Growing in Sub-Saharan Africa, Potential for More

ID

507711

DESCRIPTION
(English)
Washington – April 20, 2018

1. Wide open of IMF Africa Department press briefing
2. Mid reporters at briefing
3. SOUNDBITE: (English) Abebe Aemro Selassie, Director of the African Department of the IMF
“Much of what Africa trades with each other tends to be more processed, more manufacturing type goods. Exactly the kinds of more diversified exports that our countries are seeking. So, we think that the CFTA (African Continental Free Trade Area), when fully implemented coupled with reforms to non-tariff barriers, facilitating infrastructure to allow goods to move with each other should facilitate and encourage – help allow connecting markets and deepen and expand the markets in which African firms can trade. So we strongly welcome it.”
4. Close reporter asking question
5. SOUNDBITE: (English) Abebe Aemro Selassie, Director of the African Department of the IMF
“In terms of what’s needed really to support the young people in the region really is robust economies that are able to create the hundreds of thousands of jobs that each country needs every year. So, I think it’s with robust private sector economic growth that we will be able to create jobs and opportunities for the young. This settles back to some of the policies that we were talking about earlier. Making sure that there is an active process of identifying the constraints to investment in areas, removing distortions, addressing competitiveness issues where they arise, really should not be underestimated in terms of how important they are to facilitate private investment. And the other side of the equation, of course, is for governments to provide quality education at all levels to be able to have a workforce that is ready for the jobs that are going to be created.”
6. Wide reporters at briefing
7. Wide end of briefing
SHOTLIST
(English)
Washington – April 20, 2018

1. Wide open of IMF Africa Department press briefing
2. Mid reporters at briefing
3. SOUNDBITE: (English) Abebe Aemro Selassie, Director of the African Department of the IMF
“Much of what Africa trades with each other tends to be more processed, more manufacturing type goods. Exactly the kinds of more diversified exports that our countries are seeking. So, we think that the CFTA (African Continental Free Trade Area), when fully implemented coupled with reforms to non-tariff barriers, facilitating infrastructure to allow goods to move with each other should facilitate and encourage – help allow connecting markets and deepen and expand the markets in which African firms can trade. So we strongly welcome it.”
4. Close reporter asking question
5. SOUNDBITE: (English) Abebe Aemro Selassie, Director of the African Department of the IMF
“In terms of what’s needed really to support the young people in the region really is robust economies that are able to create the hundreds of thousands of jobs that each country needs every year. So, I think it’s with robust private sector economic growth that we will be able to create jobs and opportunities for the young. This settles back to some of the policies that we were talking about earlier. Making sure that there is an active process of identifying the constraints to investment in areas, removing distortions, addressing competitiveness issues where they arise, really should not be underestimated in terms of how important they are to facilitate private investment. And the other side of the equation, of course, is for governments to provide quality education at all levels to be able to have a workforce that is ready for the jobs that are going to be created.”
6. Wide reporters at briefing
7. Wide end of briefing
USAGE RIGHTS/RESTRICTIONS
This media asset is free for editorial broadcast, print, online and radio use. It is restricted for use for other purposes.

CONTACTS

  • Brian Walker
    Media Relations Officer
    United States
    +1 (202) 623-7381
    +1 (202) 286-5839