The Deputy Director of the African Administration at the International Monetary Fund has explained that the growth rates in most African countries exceeded 5%, which is considered as a qualitative growth if it is compared to the growth rates at the developed countries.
He said, in a report he presented during the first sitting of the second meeting of the Bloc of the African Governors at the Group of World Bank and International Monetary Fund with participation of the African Ministers of Finance and Governors of Central Banks, this growth reflected the growing role being played by Africa in support of global economy.
The representative of the 24-group (The group of the member countries of the World Bank and International Monetary Fund) presented a report on development financing and the inclusive growth and the role of the credit policies of Breton Woods institutions. The report reviewed the vision of these institutions in dealing with the African countries, stressing the need of the African countries to enforce and raise their voice at the point of decision making by the Bretons Woods institutions.