Africa: A continent on the rise


IMF’s first deputy managing director David Lipton is in Mozambique. Below are the excerpts from his speech on sub Saharan Africa.

“Africa has benefited tremendously from this trend. In 2008/2009, many were concerned that the continent would be hard hit by the global financial crisis. There was an impact, but most countries in Sub-Saharan Africa were remarkably resilient, notably the low-income countries. Growth was robust in 2012 at 5.1 percent, and that should accelerate moderately in the coming years. We project 5.4 percent growth in 2013 and 5.7 percent next year. Low-income countries should grow even faster, benefiting from rising domestic demand.

Demand for Africa’s commodities has helped spur this growth, particularly as new resources have been discovered and developed. But Sub-Saharan Africa’s resilience and growth are not simply a matter of rising commodity exports. In fact, some of the fastest-growing economies are not natural resource exporters.

This economic performance…

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About Mercy

Mercy is a public health and humanitarian practitioner, strategist and community educator and mobilizer, blogger, HIV/AIDS and Social Justice/Human Rights Activist who is courageously advocating for the Dignity, Health Equity and non-discrimination of all Marginalized and Vulnerable Social Groups by fighting the prevalent HIV, the widespread Homophobia and other forms of socio-economic exclusions/injustice in Ethiopia. He is also the co-founder and director of the pioneer; Rainbow-Ethiopia Health and Human Rights Initiative, the one and only LGBTI Health and Human rights organization in Ethiopia Please feel free to Contact him at: Addis Ababa, Ethiopia

Posted on May 6, 2013, in Uncategorized. Bookmark the permalink. 4 Comments.

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