<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body="
The head of the African department urged International Monetary FundAbebe Emru Selassie, in a statement to the newspaper "Guardian" Britain, to pay the required attention to the current crisis.
The closures in a number of countries of the world, during the beginning of coronato confuse supply chains, so prices rose significantly, after the start of the economy’s recovery, then came the crisis in Ukraine, and the situation worsened, according to experts.
Corona crises led Ukraine This led to a record increase in fuel prices, while many countries are facing difficulties in importing shipments of wheat and the rest of the grains.
The international official described the failure to support Africa and invest in its capabilities as shortsightedness that will harm the entire global economy.
He explained that over the next decade, half of the workforce in the world will be from sub-Saharan Africa, which means that this region will be an important resource for the required human resources.
Selassie said "Within ten years, one in two people entering the labor market will be from Sub-Saharan Africa"The pandemic has disrupted the education of children in this region.
"Failed"
The International Monetary Fund official continued, "The human capital that we need to drive the global economy is not getting enough attention. This is a total failure".
Selassie added that more advanced economies will experience a shortage of workers, and"This is almost certain, unless we assume that the robots will do everything".
He said that despite all the innovation in the world, people kept moving from one sector to another, because between 60 and 70 percent of the population remained active and working.
He added that people will move to work in new fields, given the development that will happen in the world, but they will continue to work, "These workers will only come from Africa".
Selassie, who worked at the International Monetary Fund for 28 years, pointed out that the success that was achieved in Africa after the nineties, thanks to domestic reforms, a boom in the world, and aid programs, is at stake. "counterproductive".
He added that the Corona and Ukraine crises, which confused supply chains and led to higher prices, exhausted the already sluggish economies of the continent.
Earlier, Selassie revealed that the International Monetary Fund has provided 50 million dollars to sub-Saharan African countries since March 2020 in order to support them in facing the repercussions of the epidemic.
He added that the support that has been provided will be more effective if "continued"instead of some development partners retracting or reducing their aid.
“>
The head of the African department urged International Monetary FundAbebe Emru Selassie, in a statement to the British newspaper “The Guardian”, to pay the required attention to the current crisis.
The closures in a number of countries of the world, during the beginning of coronato confuse supply chains, so prices rose significantly, after the start of the economy’s recovery, then came the crisis in Ukraine, and the situation worsened, according to experts.
Corona crises led Ukraine This led to a record increase in fuel prices, while many countries are facing difficulties in importing shipments of wheat and the rest of the grains.
The international official described the failure to support Africa and invest in its capabilities as shortsightedness that will harm the entire global economy.
He explained that over the next decade, half of the workforce in the world will be from sub-Saharan Africa, which means that this region will be an important resource for the required human resources.
“In ten years, one in two people entering the labor market will come from sub-Saharan Africa,” Selassie said, while the pandemic has disrupted the education of children in this region.
‘Failure’
The International Monetary Fund official added, “The human capital that we need to drive the global economy is not getting the attention it needs. This is a massive and collective failure.”
Selassie added that more advanced economies will suffer from a shortage of workers, and “this is almost certain, unless we assume that robots will do everything.”
He said that despite all the innovation in the world, people kept moving from one sector to another, because between 60 and 70 percent of the population remained active and working.
He added that people will move to work in new fields, given the development that will take place in the world, but they will continue to work, “and these workers will only come from Africa.”
Selassie, who worked at the International Monetary Fund for 28 years, pointed out that the success achieved in Africa after the nineties, thanks to domestic reforms, a global boom and aid programs, is at stake, and has become “counterproductive.”
He added that the Corona and Ukraine crises, which confused supply chains and led to higher prices, exhausted the already sluggish economies of the continent.
Earlier, Selassie revealed that the International Monetary Fund has provided 50 million dollars to sub-Saharan African countries since March 2020 in order to support them in facing the repercussions of the epidemic.
He added that the support that was provided would be more effective if it was “continued”, instead of some development partners retracting or reducing their aid.