She described Africa as a continent of opportunities and one with many troubles, noting that the focus was to help countries have sound macro-economic policies, improve the investment climate and show it to the rest of the world.
Commenting on the debt levels of countries, the newly appointed IMF MD said, “Are we worried about debt levels in Africa? Yes, because 40 per cent of the countries have gone into debt distress levels. “Take the case of Kenya, we advise Kenya to be more cautious in building debt but we have seen good macroeconomic policy in Kenya.
“One has to remember that debt on its own is not bad. It is bad when it goes with the wrong things and when it goes with the speed that the economy cannot handle.”
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