Africa Perspectives Series

September 12, 2022

The Africa Perspectives Series are public events where Africa's pressing economic policy issues are discussed. Organized by the IMF's African Department, and moderated by Director Abebe Aemro Selassie, the series provides an opportunity for policymakers, academics, and analysts to offer their perspectives on economic and policy issues relevant for the IMF’s African constituency. The events will be streamed throughout Africa and globally, and a video recording will be available for viewing on our website.

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Gambling on Development: Why Some Countries Win and Others Lose

In the last thirty years, the developing world has undergone tremendous changes. Poverty has fallen, people live longer and healthier lives, and economies have been transformed. And yet many countries have simply missed the boat. Why have some countries prospered, while others have failed? In his new book, Gambling on Development: Why Some Countries Win and Others Lose, Prof. Stefan Dercon argues that the answer lies in a key "development bargain," whereby a country's elites shift from protecting their own positions to gambling on a growth-based future.

The IMF’s African Department is pleased to host Stefan Dercon, Professor of Economic Policy at the Blavatnik School of Government and the Economics Department of the University of Oxford, and a Fellow of Jesus College, for a conversation with the IMF’s African Department Director, Abebe Aemro Selassie . Prof. Dercon is also Director of the Centre for the Study of African Economies.


Prof. Stefan Dercon ⌄

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Central Bank Digital Currency and Private Digital Payments in Nigeria and Kenya: Challenges and Opportunities for Sub-Saharan Africa

Rapid developments worldwide in digital payments and crypto assets have raised interest in Africa for faster, simpler, cheaper, and safer financial payment systems. Some of our member countries are at the forefront of these innovations—e.g., Africa’s first central bank digital currency in Nigeria (e-Naira) and the widely acclaimed M-Pesa digital payment system in Kenya. The IMF’s African Department is pleased to put together a panel of distinguished policymakers: Dr. Patrick Njoroge, Governor of the Central Bank of Kenya, and Dr. Kingsley Obiora, Deputy Governor of the Central Bank of Nigeria. They will share their respective experiences and practical challenges in introducing CBDC/PDPs as well as discussing the possible benefits, costs, and key risks for our African membership. The conversation will be moderated by IMF African Department Director Abebe Aemro Selassie.


Dr. Kingsley Obiora, Deputy Governor, Central Bank of Nigeria ⌄
Dr. Patrick Njoroge, Governor, Central Bank of Kenya ⌄

Send your questions in advance or during our LIVE event to: email icon

The IMF African Department Speaker series is organized by Luca Antonio Ricci, Charalambos Tsangarides, Christian Ebeke, and Catherine Pattillo, with support from Maria Ines Canales Munoz and Grace Rusli.