Daily Archives: May 27, 2017

Solution to the Future of African Art

Man’s Cloth by El Anatsui (1998 – 2001), on display at the British Museum.

African art presents some of the most fascinating and attractive works. However, the growth of the art industry in Africa has been fluctuating for some time now. Up to 28 August, Fondation Louis Vuitton in Paris is showing a selection of the biggest collection of African art in the world, put together by the Frenchman, Jean Pigozzi. The show is an expression of how African art is still of interest but for some reasons refuse to grow (within and outside the African continent). This lack of growth can be clearly attributed to the lack of institutional support for African art. Many known mega galleries and museums have no defined African art sections. This has limited the knowledge of African arts and as well diminishing its growth. read more

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Guinea: IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost long-term inclusive growth prospects

IMF Staff Completes a Staff Visit to Guinea

  • Economic activity in Guinea is rebounding, with signs pointing toward continued growth over 6 percent.
  • Fiscal consolidation including increased revenues and reduced government spending have brought the basic budget deficit down to 0.7 percent of GDP in 2016.
  • IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost long-term inclusive growth prospects.

An IMF staff team led by Giorgia Albertin visited Conakry from May 15 to 25, 2017, to discuss recent economic and financial developments and Guinea’s economic prospects. The team prepared the ground for a future visit for the negotiation of a new IMF-supported program. read more

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