On February 13, Kaberuka emphasized the importance of human capital in creating wealth and inclusive growth. He also called for the international community, including multilateral development banks, to help build an enabling environment for improved fiscal policies and safety nets at the domestic level.
“If you want to build a self-sustaining economy, which ends poverty – ‘shared prosperity’, to use the words of my friend [World Bank President] Jim Kim – it takes more than money. International funding must leverage domestic responsibility,” Kaberuka said. “In our assessment, the time is right. Today, two-thirds of Sub-Saharan African countries will be growing at 6.2%. [Read More]