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Toward A Resilient Macroeconomic Vision for Africa | Africa Perspectives

Watch a conversation between Atif Mian, Professor of Economics, Public Policy, and Finance at Princeton University and the IMF’s African Department Director, Abebe Aemro Selassie, to explore the nexus between finance and macroeconomics, in light of the big funding squeeze that African economies face at present as well as the continent’s longer-term development needs. African economies are currently grappling with a significant funding squeeze amidst tightening global financial conditions. At the same time, these economies face large financing needs to realize their developmental ambitions, including with respect to improvements in education and infrastructure. Managing this tension in the short run, while minimizing the risk of crises, will present policy makers with significant challenges. Over the long run, strong and inclusive economic growth will require concerted efforts to foster financial development and financial inclusion to broaden credit access sustainably. The IMF’s African Department is pleased to host Professor Mian, who directs Princeton’s Julis-Rabinowitz Center for Public Policy and Finance and is a world-leading expert on the interplay between finance and the macroeconomy, both in the short and long run. In this conversation, we will delve into the strategies and policies to navigate the complex landscape confronting Africa’s diverse economies, and to secure sustainable financing against the backdrop of significant global uncertainty.