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Dschang : Proper Investment Is Key To Development- IMF Official

Kadima Kalonji, Cameroon Resident Representative of the International Monetary Fund, to Cameroon was

The Resident Representative of the International Monetary Fund (IMF) to Cameroon, Kadima Kalonji, says the best mechanism in achieving economic growth and providing better services to the public, is through strengthened macroeconomic reforms (proper investment) and sector-based economic policies. Kadima, was speaking in a public conference at the University of Dschang on December 11, 2017.

The conference chaired by the Rector, Professor Roger Tsafack Nanfosso, was attended by university professors, students and stakeholders of public management.   The conference was aimed at mobilizing and encouraging private and public resources within the sub-Saharan region for productive investments, geared towards sustainable development.

Kadima, said while poverty reduction remains the central objective of IMF in sub-Saharan Africa, his organization makes it essential to ensure the widest possible participation of all sectors  of society in the formation of development cooperation policies and priority, by involving non-state actors, especially the youths. 

He said that while he recognized the complementary role of state and non-state actors in the development process, inefficient management of resources leads to heavy debt burden which falls on the youths who are future leaders. According to the IMF official, the programming process now being applied to all countries and regions benefitting from IMF aid is based on each country strategy paper designed by her.  He concluded by recommending that quantitative and qualitative assessment of investment, that will enhance ownership strategies, facilitate public-private partnerships remain beneficial.

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