In the wake of the global financial crisis and with low interest rates lingering in most advanced economies, investors have increasingly been looking at Africa for investment opportunities. The IMF’s latest Regional Economic Outlook for sub-Saharan Africa examines what this spectacular increase in capital flows means for the region. In this podcast, economist Mahvash Saeed Qureshi says the recent rise in investment capital offers a lot of opportunities but also carries risks. Qureshi led the research team that wrote the report.
Mahvash Saeed Qureshi is a Deputy Division Chief in the IMF’s African department.
Photo: Global factors such as U.S. interest rates and commodity prices have a direct impact on capital flows to sub-Saharan Africa. (iStock by Getty Images/fotopoly)
There is a growing body of research that shows that more women in the labor force means higher economic growth, and for longer periods. And while some sectors have made progress in breaking down gender barriers, the rise of technology in others presents new challenges for women. Vera Songwe is the first woman to head the U.N.’s Economic Commission for Africa, and in this podcast, Songwe says African women are especially disadvantaged in the technology sector because they often don’t have access to the internet. Songwe talked to IMF’s Angela Gaviria while attending the IMF-World Bank Annual meetings in Bali, Indonesia.
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While countries around the world scramble to find new revenue streams, it turns out most are sitting on wealth they don’t even know they own. The IMF’s Fiscal Monitor launched in October, analyses public wealth in 31 countries to find their assets worth $101 trillion or 219 percent of GDP. Dag Detter is a specialist in public commercial assets, and works as an adviser to local and national governments to help make their public assets work for the benefit of their citizens. In this podcast, Detter says countries could easily double the amount of money available for infrastructure if assets were properly managed. Detter is co-author of Unlocking Public Wealth, featured in the March 2018 edition of Finance and Development Magazine.
Dag Detter and Stefan Folster's book The Public Wealth of Nations is published by Palgrave Macmillan.
PHOTO: The city of Boston is one of many cities worldwide to underestimated the value of its public assets. (iStock by Getty images)