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Ramaphosa welcomes financial interventions by World Bank and IMF

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President Ramaphosa has welcomed the financial interventions proposed by the World Bank and IMF to support low- and middle-income countries in Africa.

The President’s Desk took to Twitter on Monday, 24 May 2021, to circulate the weekly newsletter by President Cyril Ramaphosa. The latest edition of the newsletter focussed on the economic recovery of the continent, in light of Africa Day tomorrow, 25 May 2021. Ahead of the day, Ramaphosa has shared his stance on the economic recovery of the continent.

Firstly, Ramaphosa highlighted the importance of the continent banding together to reverse the downward spiral of the economy. Moreover, he highlighted the significance of Africans being involved in the economic reform of the continent through the endorsement of the principle of ”Nothing about us without us.” The principle suggests that any interventions introduced in the continent should be propagated by the African States themselves.

The statement read, “We welcomed the steps taken by financial institutions like the World Bank and International Monetary Fund (IMF) to support low- and middle-income countries, and called for further measures to support vulnerable countries.”

See the post below.

Sabelo Makhubo
[email protected]

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