BY BANELE MAGONGO
MBABANE– Minister for Finance Neal Rijkenberg has urged governments to prioritize private-sector collaboration in policy and strategic initiatives.
This was said by the Minister at a side event during the African Development Bank (AfDB) annual meetings in Nairobi, Kenya, Rijkenberg joined a panel discussion hosted by Moody’s Rating Agency, where he shared his insights and stressed the importance of the private sector in Africa’s growth and development.
According to information sourced from the Ministry of Finance Facebook page, the main objective of the side event was to discuss the delicate balance between addressing immediate challenges in debt sustainability and financing risks, while simultaneously unlocking long-term economic prospects in Sub-Saharan Africa (SSA). The panel discussion explored the intricacies of the global financial landscape and the critical need for well-thought-out policies and strategies to effectively navigate this dynamic environment.
In his remarks, the Minister emphasised the importance of a private sector-driven economy. He highlighted the critical role of integrating private sector financing into Government budgets and expenditure priorities across African nations. Additionally, he underscored the necessity for governments to prioritise the private sector in their policy formulation and strategic initiatives.
Minister Rijkenberg reiterated that Government would lead with this growth and critical investments to unlock long term prospects in Africa.
