{"id":17631,"date":"2023-05-18T11:40:58","date_gmt":"2023-05-18T11:40:58","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa"},"modified":"2023-05-18T12:36:00","modified_gmt":"2023-05-18T12:36:00","slug":"imf-urges-removal-of-trade-barriers-in-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa","title":{"rendered":"IMF urges removal of trade barriers in Africa"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>The International Monetary Fund has said that the removal of trade barriers among African countries will help lift 50 million people out of poverty.<\/p>\n

The IMF said this in its recent report titled, \u2018Trade Integration in Africa: Unleashing the continent\u2019s potential in a changing world.\u2019<\/p>\n

IMF, in the report, also said the trade barrier removal would increase median goods trade between African countries by 53 per cent.<\/p>\n

The report added that it would also increase to the rest of the world by 15 per cent.<\/p>\n

\u201cIt finds that removing trade barriers would increase the median goods trade between African countries by 53 percent and with the rest of the world by 15 percent; raise the median African country\u2019s real per capita GDP by more than 10 percent; and help lift an estimated 30-50 million people out of extreme poverty.\u201d<\/p>\n

The Washington DC based body said successful implementation of the African Continental Free Trade Agreement could unlock important benefits in the continent.<\/p>\n

\u201cSuccessful implementation of the African Continental Free Trade Area could unlock important benefits including for jobs and income,\u201d it added.<\/p>\n

The report further read in part, \u201cThe paper investigates the role of trade policy and the broader trade-enabling environment in determining the bilateral goods trade flows and country-level trade in services. It sheds light on how the implementation of the trade area and supporting policies could boost trade and income as well as help African countries integrate into regional value chains.\u201d<\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. The International Monetary Fund has said that the removal of trade barriers among African countries will help lift 50 million people out of poverty. The IMF said this in its recent report titled, \u2018Trade Integration in Africa: Unleashing the continent\u2019s potential in a changing world.\u2019 IMF, in the report, also said the […]<\/p>\n","protected":false},"author":84,"featured_media":17630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[291,293,292],"class_list":["post-17631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nIMF urges removal of trade barriers in Africa - Sierra Leone<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund has said that the removal of trade barriers among African countries will help lift 50 mi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF urges removal of trade barriers in Africa\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund has said that the removal of trade barriers among African countries will help lift 50 mi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T11:40:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-18T12:36:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/05\/postQueueImg_1684397513.07.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF urges removal of trade barriers in Africa\",\"datePublished\":\"2023-05-18T11:40:58+00:00\",\"dateModified\":\"2023-05-18T12:36:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa\"},\"wordCount\":258,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/05\/postQueueImg_1684397513.07.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/imf-urges-removal-of-trade-barriers-in-africa\",\"name\":\"IMF urges removal of trade barriers in Africa - 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