21-22 May PIA visit to Washington
On 21 and 22 May, the PIA executives held their annual meetings with the Bretton Woods and other key institutions in Washington, DC The group met with high ranking officials including: Tao Zhang, Deputy Managing Director, IMF; Stephanie von Friedeburg, Chief Operating Officer IFC as well as Matthew Harrington Deputy Assistant Secretary of State for African Affairs, US State Department.
During the visit we held constructive discussions regarding the various institutions’ strategies and plans to support the continent and the role of the private sector in these efforts. Africa’s growth is slowly rising with some countries showing significant opportunities and the recent AfFCTA is a positive step. Lower GDP growth per capita coupled with a rapidly rising population, however, poses challenges for the continent. Rising public debt and private sector revenue mobilisation remained key topics for discussion.