Arab Today, arab today imf chief urges africa to spend responsibly
Last Updated : GMT 15:29:56
Arab Today, arab today
Arab Today, arab today

IMF chief urges Africa to spend responsibly

Arab Today, arab today

Arab Today, arab today IMF chief urges Africa to spend responsibly

Christine Lagarde
Monrovia - AFP

IMF chief Christine Lagarde urged African governments to spend responsibly as she visited Liberia on Friday, a week after it was declared free from an Ebola epidemic which has shattered its economy.

Lagarde, wrapping up two days of meetings with President Ellen Johnson Sirleaf, business leaders and community activists, set out measures she said were necessary "for African governments to be financially disciplined".

"I would say that for the economy to prosper, and to be seen as prospering, having sound and reliable data is certainly a condition," she told journalists in the capital Monrovia.

"Second, not to be overburdened and, three, make sure that public spending, public finance, is deployed in the most growth friendly fashion," Lagarde told journalists.

Lagarde had congratulated Liberia for its "coordinated effort and extraordinary engagement" to beat Ebola in a statement released ahead of her visit.

She added that the trip would enable her to see first-hand how the country had put in place plans to support the post-Ebola recovery.

She told journalists on Friday however her visit was less about Ebola than about offering IMF support for Liberians "to deliver on what has been government's ambition, to move into the middle-income category by 2030".

"To do that there has to be growth, there has to be good revenue generation and we can certainly provide, in addition to financing the programme, a lot of technical assistance," she said.
The World Health Organization said last week Liberia, where thousands died at the height of the epidemic last year, was free of Ebola.

It was long the nation hardest hit in an outbreak that began in December 2013, infecting more than 28,000 people and claiming more than 11,000 lives in Liberia, Guinea and Sierra Leone.

More than 10,500 of those infections and 4,800 of the deaths occurred in Liberia.

The outbreak took a heavy toll on the economy as crops rotted in the fields, mines were abandoned and goods could not get to market.

Before the epidemic, Liberia had notched up strong growth of more than nine percent per year since 2005, rising as high as 15.7 percent in 2007, according to World Bank figures.

But authorities fear the crisis will derail the impoverished state's drive to recover from 14 years of civil war, which by the time it ended in 2003 had claimed 250,000 lives.

The economy is forecast to grow by just three percent this year -– less than half the pre-Ebola projection -- equating to a loss in expected income of around $200 million.

The IMF says it has provided around $130 million (115 million euros) in financing and debt relief for Liberia during the crisis.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf chief urges africa to spend responsibly Arab Today, arab today imf chief urges africa to spend responsibly

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday