The scaling up of investment especially into infrastructure should prove a good enough stimuli if absorption issues as ell as efficiency and effectiveness in the implementation of public programs are well catered for. With respect to monetary policy, the Central Banks across Africa should pursue the objective of preserving foreign reserves and maintaining sound macroeconomic stability.
This is important because the outlook for capital inflows of all forms (FDI, portfolio, remittances) as outlined prior is declining. The Balance of Payments (BOP) shocks should be partly allowed to be absorbed via flexible exchange rate adjustments. I will also add my voice to the need to strengthen and broaden financial stability assessments beyond the traditional banking sector.