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How Africa Will Be Affected by the IMF’s New Strategy

The executive board of the International Monetary Fund (IMF) approved its first gender strategy, adapting to the evolving needs, challenges and priorities in member countries. The gender strategy has four pillars: Empowering IMF staff with access to relevant gender-disaggregated data and modelling tools to conduct policy analysis; setting up a robust framework to ensure that macro-critical aspects of gender are integrated in IMF country work based on an even handed approach across membership countries and creating a supportive internal organizational structure; strengthening collaboration with external partners to benefit from knowledge sharing and peer learning, leveraging complementarities, and maximizing the impact on the ground and efficiently utilizing resources allocated to gender by realizing economies of scale and avoiding duplication of effort. It will certainly have consequences for Africa too.