A "once in a generation opportunity" – that's how Christine Lagarde, managing director of the International Monetary Fund (IMF), described the chance to assemble the resources to finance the economic and social development of the world's poor. Following a speech in Washington DC prior to the Financing for Development conference in Addis Ababa, Ethiopia from 13-16 July, Lagarde sat down to discuss development challenges with AllAfrica.

The aim of the Addis meeting is to craft a plan to pay for reducing global poverty that is widely agreed among governments, the private sector, and non-governmental and civil society organizations. The targets for the effort are called the Sustainable Development Goals (SDGs).In her Brookings address, Lagarde stressed that economic growth must be more 'inclusive' and benefit more people if it is to be durable. She announced a significant IMF policy move - a 50 per cent increase in low-cost funding, as well as the extension of zero-interest loans to beleaguered countries. In the conversation afterwards, she responded to questions posed online by AllAfrica's audience.

Read the edited transcript of the interview - here




'Africa Rising'- Sustainable and Inclusive Growth Focus of Two-Day Maputo Conference

The International Monetary Fund (IMF) and the Government of Mozambique convened a high-level conference on 'Africa Rising: Building to the Future' May 29 - 30 with participation by policymakers and private sector and civil society representatives. Sessions focused on the challenges facing sub-Sahara Africa amid the economic gains made since the 2008 global economic downturn. Concluding the two-day event, IMF Managing Director Christine Lagarde stressed the importance of making Africa's economic growth more sustainable and more inclusive.




IMF Promotes Policies to Make Growth Sustainable and Inclusive - Lagarde

In an interview with AllAfrica's Melissa Britz, the fund's Managing Director, Christine Lagarde outlined the key reasons for convening the conference, then discussed the opportunities and risks facing governments and people across sub-Saharan Africa:

We wanted to take stock of the developments of sub-Saharan African countries since we last all congregated in Tanzania five years ago. We are five years into and hopefully past the crisis, and the point was: number one to take stock of what had happened and, number two to lay out together and discuss with our African colleagues and partners what the opportunities were, what the challenges were.


#AfricaRising: Christine Lagarde visits Eduardo Mondlane University

On May 28, Christine Lagarde, IMF Managing Director speaks briefly to students at Eduardo Mondlane University as part of her visit to Mozambique to participate in the 2-day high level conference Africa Rising. The conference is hosted by the Government of Mozambique and the IMF to take stock of Africa's strong economic performance, its increased resilience to shocks, and the key ongoing economic policy challenges.

Speaker: Christine Lagarde, Managing Director of the IMF


#AfricaRising: Christine Lagarde visits Maputo Port

On May 28, Christine Lagarde, IMF Managing Director visits Maputo Port as part of her visit to Mozambique to participate in the 2-day high level conference Africa Rising. The conference is hosted by the Government of Mozambique and the IMF to take stock of Africa's strong economic performance, its increased resilience to shocks, and the key ongoing economic policy challenges.

Speaker: Christine Lagarde, Managing Director of the IMF


#AfricaRising: Day 1: Opening Africa Rising Conference

On May 29, President Armando Guebuza and Managing Director Christine Lagarde open the Africa Rising Conference in Maputo. The conference is hosted by the Government of Mozambique and the IMF to take stock of Africa's strong economic performance, its increased resilience to shocks, and the key ongoing economic policy challenges.

Speakers: Armando Guebuza, President Republic of Mozambique Christine Lagarde, Managing Director of the IMF


#AfricaRising: Winners of the Africa Rising Photo Contest

David Mbuthia and Stephen Ouma, winners of the Africa Rising photo contest, discuss the meaning of their photos and their expectations for the conference during the kickoff reception for the Africa Rising Conference on May 28. Africa Rising is hosted by the Government of Mozambique and the IMF to take stock of Africa's strong economic performance, its increased resilience to shocks, and the key ongoing economic policy challenges.

Speakers: David Mbuthia and Stephen Ouma, winners Africa Rising photo contest.


For Africa, Good Policies Bring Good Prospects

Once again, the latest review of growth prospects for sub-Saharan Africa shows that the region’s economy is in strong health. Growth in the region is set to pick up to 5½ percent in 2014 compared to 4.9 percent last year (see Chart 1). My view is that this growth momentum will continue over the medium term if countries rise to new challenges and manage their economies as dexterously as they have over the past decade or so.

Antoinette M. Sayeh IMF/Stephen Jaffe
Antoinette M. Sayeh


Africa Rising: Building to the Future

The Government of Mozambique and the IMF will convene a high-level conference in May 2014 in Maputo to take stock of Africa’s strong economic performance, its increased resilience to shocks, and the key ongoing economic policy challenges.


The Government of Mozambique and the IMF will convene a high-level conference in 2014 to take stock of Africa's strong economic performance, its increased resilience to shocks, and the key ongoing economic policy challenges. The Africa Rising conference will be held May 29-30, 2014, in Maputo.





The video introduction above features: Manuel Chang, Finance Minister of Mozambique; Lamido Sanusi, Governor of the Central Bank of Nigeria; Kaba Niale, Finance Minister of Cote d’Ivoire.




The 2014 IMF Africa Rising Youth Photo Contest

We are seeking pictures from young Sub-Saharan African photographers of all abilities, ages 18 – 30, capturing through their own lenses the opportunities and challenges facing Sub-Saharan Africa. All contestants—whether they use cameras or cell phones—are asked to submit original images that best define one of the following three themes.




ABOUT THE CONFERENCE

May 29-30, 2014 | Maputo, Mozambique The Government of Mozambique and the IMF will convene a high-level conference in 2014 to take stock of Africa’s strong economic performance, its increased resilience to shocks, and the key ongoing economic policy challenges. The Africa Rising conference will be held May 29-30, 2014, in Maputo. The event is intended to follow up on the 2009 Tanzania Conference, which helped galvanize international support for Africa after the 2008 financial crisis. The conference will bring together policymakers from Africa and beyond, the private sector, civil society, academics, and private foundations with the goal of sustaining the current growth and sharing its benefits among African populations.















IMF DMD Min Zhu on Infrastructure Development in Central Africa


The Government of Cameroon and the International Monetary Fund (IMF) jointly organized a high-level conference entitled “Financing the Future: Infrastructure Development in Central Africa” in Yaoundé, Cameroon on March 10, 2014

Central Africa's Infrastructure - New Financing for Africa's Roads, Rail Without High Debt

Joseph Wanzusi/RNW

As Central African countries seek new sources of financing for infrastructure, policymakers will have to avoid high indebtedness, a conference in Cameroon was told. Sub-Saharan Africa’s strong growth over the past decade has highlighted the importance of infrastructure development. Senior officials, academics, business executives, and civil society figures from Central Africa and representatives of international financial institutions gathered in Yaoundé, Cameroon, on March 10 for a regional conference on “Financing the Future: Infrastructure Development in Central Africa.”




Coverage of IMF Chief Christine Lagarde Visit to Africa



Mali at the Dawn of the New Year: From Crisis to Recovery

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), arrived in Bamako January 8 for a three-day visit to Mali. She will meet with President Keita, Prime Minister Ly and his cabinet, senior government officials as well as women leaders, representatives of the private sector, civil society and donors.


On January 9, she gave a speech to the Economic, Social and Cultural Council Mali


Full text of her speech


French: Le Mali à l’aube de l’An Neuf : de la crise à la reprise

International Monetary Fund Managing Director Christine Lagarde meets with Mail's women leaders for a luncheon January 9, 2014 at the Hotel Salam in Bamako, Mali. IMF/Stephen Jaffe
International Monetary Fund Managing Director Christine Lagarde meets with Mail's women leaders for a luncheon January 9, 2014 at the Hotel Salam in Bamako, Mali.

International Monetary Fund Managing Director Christine Lagarde begins a three-day visit to Mali. She (L) meets with Mali's Minister of Economy and Finance Bouare Filly Sissoko (R) at the Bamako International Airport January 8, 2014 in Bamako, Mali. Lagarde is on a two country visit to Africa. IMF/Stephen Jaffe
International Monetary Fund Managing Director Christine Lagarde begins a three-day visit to Mali. She (L) meets with Mali's Minister of Economy and Finance Bouare Filly Sissoko (R) at the Bamako International Airport January 8, 2014 in Bamako, Mali. Lagarde is on a two country visit to Africa.

Mali on the Mend as Reforms Resume after Security Crisis (Analysis)

Mali's economy is on the mend, with donor assistance and business confidence gradually returning after the worst security and political crisis in the West African country's recent history. Mali's new $46 million IMF loan supports a structural reform agenda that aims to strengthen the foundations for robust, poverty-reducing growth.


IMF Executive Board Approves New Extended Credit Facility Arrangement for Mali and US$9.2 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today approved a new arrangement under the Extended Credit Facility (ECF) for Mali for an amount equivalent to SDR 30 million (about US$ 46.2 million or 32 percent of quota). The approval enables the immediate disbursement of an amount equivalent to SDR 6 million (about US$9.2 million).



Financial Integration in West Africa

West Africa's recent economic success underscores the importance of financial sector development and cross-border financial integration.

Statement By IMF Managing Director Lagarde At the Conclusion of Her Visit to Mali

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today in Bamako at the conclusion of her visit to Mali: "I am very pleased to have been able to make my first visit to Mali as Managing Director of the IMF. I want to thank President Ibrahim Boubacar Kéïta, Prime Minister Oumar Tatam Ly, and Finance Minister Bouare Filly Sissoko for their generous hospitality. "It was an honor to address the Economic, Social and Cultural Council where President Bittar and his colleagues welcomed us with great warmth. I had the opportunity to hear directly from the women's leaders about their vision for Mali, and from the urban vegetable growers' cooperative of Samanko who shared with me their concerns and aspirations. I also had the pleasure to visit the school of Torokorobougou where I was heartened by the talent and passion of young students who are the future of Mali.


Le Mali à l'aube de l'An Neuf - De la crise à la reprise (Discours)

Mesdames, Messieurs, C’est pour moi un grand honneur de m’adresser au Conseil en ces moments décisifs pour votre pays. A l’entame de mon intervention, le proverbe malien suivant me vient à l’esprit : « Dònsòya la basi ye timinandya ye : Le talisman du chasseur, c’est sa persévérance ». La persévérance est en effet ce qui caractérise le mieux l’état d’esprit du peuple Malien. Voir Plus>>>


La directrice générale du FMI à Bamako: «Je Suis Venue en Amie»

La directrice générale du Fonds monétaire international est depuis hier l’hôte de notre pays. Mme Christine Lagarde, arrivée à Bamako en début d’après-midi, a été accueillie à l’aéroport de Bamako-Sénou par le ministre de l’Économie et des Finances, Mme Bouaré Fily Sissoko, et le représentant résident du FMI, Anton Op de Beke. Le président du Conseil économique, social et culturel, Jeamille Bittar, et le ministre délégué chargé du Budget, Madani Touré, étaient également à l’accueil. Voir Plus>>>


Christine Lagarde, Directrice générale du FMI en visite au Mali / Un signal fort pour la relance économique

La Directrice générale du FMI, Christine Lagarde est arrivé à Bamako hier mercredi 8 janvier, pour une visite de trois jours. Elle aura, au cours de ce séjour, des discussions avec les autorités maliennes, et prononcera un discours devant le Conseil économique, social et culturel le jeudi 09 Janvier. Au programme, deux visites de terrain qui la conduiront à la coopérative maraîchère de Samanko et à l’école fondamentale de Torokorobougou.Voir Plus>>>


Christine Lagarde entame une visite à Bamako - Le FMI confirme son intérêt pour l'Afrique

La Directrice générale du Fonds Monétaire international est arrivée à Bamako pour une série de discussions avec les autorités et la société civile malienne. Apres le Kenya, le Mali. Mme Christine Lagarde, directrice générale du Fonds monétaire international est arrivée aujourd'hui à Bamako dans le cadre d'une visite de trois jours.


IMF Managing Director Christine Lagarde Starts Visit to Mali

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), arrived in Bamako today for a three-day visit to Mali. She will meet with President Keita, Prime Minister Ly and his cabinet, senior government officials as well as women leaders, representatives of the private sector, civil society and donors.

IMF Team to Map Kenya's Assistance in March

Aly-Khan Satchu

A special team from the International Monetary Fund (IMF) will be in Kenya in March this year to further deliberate on the various credit facilities fit to mitigate economic shocks in the country.


IMF Chief's Visit Turns International Focus on Kenya

Kenya's economic management credentials are set to come under sharp focus as IMF managing director Christine Lagarde visits Nairobi this week. This comes ahead of a planned negotiation for a new round of financing from the international lender as well as the anticipated Sh172 billion ($2 billion) Eurobond issue by the Treasury. Read more


East Africa: New Pacts Ease Path Toward East African Single Currency

Moves toward deeper economic integration among the countries of the East African Community (EAC)-Burundi, Kenya, Rwanda, Tanzania, and Uganda-have gained new impetus from agreements sealed in recent weeks. The signing of a Monetary Union Protocol by community heads of state in Kampala, Uganda, on November 30 is a milestone outlining a ten-year roadmap toward monetary union. The formal launch of the East African Cross Border Payment System on November 25 is a significant operational step increasing monetary and economic integration.


EAC Economic Outlook for 2014 Good if Govts Commit to Reforms (Interview)

The International Monetary Fund (IMF) managing director Christine Lagarde tells Berna Namata about the EAC partner states’ economic prospects this year and other cross-cutting issues affecting the region ahead of her visit to Kenya on January 6. Read More


Ready for Take Off: Kenya's Economic Successes, Prospects and Challenges

IMF African Department Director Antoinette Sayeh talks with IMF Communications Officer, Francois Gouahinga,about Kenya's challenges.


IMF Executive Board Completes Sixth and Final Review Under the ECF Arrangement for Kenya and Approves U.S.$110.2 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the sixth and final review of Kenya's economic program supported by a three-year arrangement under the Extended Credit Facility (ECF).Read more

Uhuru Puts Kenya's Case to IMF Boss

The government has sought for more cash from the International Monetary Fund (IMF) to deal with potential economic shocks going forward. Speaking at State House in Mombasa, President Uhuru Kenyatta said the government needed to be cautious as the country remained vulnerable to future shocks which must effectively be dealt with.


Statement by IMF Managing Director Lagarde at the Conclusion of Her Visit to Kenya (Press Release)

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Nairobi at the conclusion of her visit to Kenya...


The Managing Director Christine Lagarde at a Mindspeak session addressed the Kenya Private Sector Alliance Forum in Nairobi, 6th January 2014.


Christine Lagarde, the IMF and Mindspeak (Opinion)

If Mindspeak (and I will tell you a little about it momentarily) was an ice-cream Sundae, then Christine Lagarde's appearance today is like the Maraschino cherry that you find on top of the Sundae. It is an absolute pleasure to be hosting the first female managing director of the IMF with KEPSA's Vimal Shah. It was Muhammed Suleiman, who more than five years ago, persuaded me to start up Mindspeak. I think our first audience was about 40 people and we started in the cinema at the Junction Mall. Read more


IMF Boss Lagarde Set to Meet Muturi, MPs

The National Assembly Speaker Justin Muturi is expected to hold talks with the International Monetary Fund MD Christine Lagarde tomorrow. Though the details of the talks are scanty, Muturi yesterday said ... Read more


IMF Boss to Meet Uhuru and Rotich

The International Monetary Fund managing director is in the country for talks expected to strongly focus on the institution’s commitment to supporting Kenya’s economy and forging new partnerships with the government. Ms Christine Lagarde’s visit also comes in the backdrop of the conclusion of the release of the last tranche of the Fund’s three-year Extended Credit Facility (ECF) to Kenya. Read more


IMF Chief Begins Meetings With Kenyan Officials

The International Monetary Fund (IMF) Managing Director Christine Lagarde has held talks Kenya's National Treasury Secretary Henry Rotich, as she kicked off her three day visit in the country. The meeting, among other issues, discussed Kenya's partnership following the successful implementation of a three year programme that ends this January supported under the Extended Credit Facility (ECF) worth close to Sh65 billion.

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