The IMF-WB annual meeting is expected to bring together 14,000 delegates in Marrakech, as the world seeks to bridge the fragmentations induced by a changing world order. “We did a paper on how the continental free trade agreement can benefit Africa if these trade and non-trade barriers are eliminated and the results are phenomenal: trade within Africa can increase by 53%, trade between Africa and the rest of the world by 15%, and real income per capita could grow by 10%,” the IMF chief said. She also elaborated on why Africa needs to increase the use of digital money. “We need physical connectivity. We need every African business, every African institution connected to the internet and that requires coordinated action by governments,” she said.

Source: The North Africa Journal September 01, 2023 10:10 UTC