Locations

Rwanda, the small but mighty nation in the Great Rift Valley of central Africa, is known as ‘the land of a thousand hills.’ Perhaps a more appropriate moniker would be ‘the land of a thousand opportunities’, for here, a can-do attitude is helping to pioneer an ambitious and forward-looking new narrative that seeks to harness the unfulfilled potential of the continent and has Rwanda on a fast track to becoming the Singapore of Africa. No longer are African nations defined by their dependent and subordinate relationships with this or that global power, but rather, setting their own agendas and striking partnerships…

Washington, DC: An International Monetary Fund (IMF) team led by Papa N’Diaye visited South Africa on March 1-17 to hold meetings with the economic authorities and other counterparts from the public and private sectors for the 2023 Article IV annual consultation. Discussions focused on policies to ensure macro-financial stability and the far-reaching reforms needed to durably lift potential growth, create jobs, reduce poverty and inequality, and facilitate the transition to a greener economy. ContextSouth Africa’s economic and social challenges are mounting, risking stagnation amid an unprecedented energy crisis, increasingly binding infrastructure and logistics bottlenecks, a less favorable external environment, and…