IMF helps African countries face new policy challenges as they developListen /
A new training institute is opening up in Mauritius by the International Monetary Fund or IMF to help African governments to face new policy challenges as they develop.
Many countries in sub-Saharan Africa now have a sustained growth of about 5-6 per cent growth because of sound economic policies, debt relief, stronger institutions and high investment, the agency says.
As African economies reach higher income levels, they are confronted with a new set of challenges similar to those facing middle income countries elsewhere in the world.
IMF Deputy Managing Director Min Zhu explained to Anneta Orraca-Tetteh that capacity-building was a key component of the training.