Football

Ghana, Algeria advance to quarters

President Kagame on Tuesday night received Christine Lagarde, price http://cloudninerealtime.com/wp-content/plugins/woocommerce/templates/single-product/review.php Managing Director of International Monetary Fund (IMF), pill http://corpuschristimiami.com/wp-content/plugins/wp-e-commerce/wpsc-widgets/tagging_functions.php who is on a three day visit in Rwanda.

Christine Lagarde’s visit to Rwanda marks the first visit of a Managing Director of the IMF to Rwanda. On various occasions, Lagarde has expressed admiration for Rwanda success story – emphasizing the inclusive economic growth story as well as the vision for and achievements towards gender equality.

During the recently concluded World Economic Forum held in Davos last week, Christine Lagarde described President Kagame as a leader who has done more than any other leader to include women.

Giving a keynote speech earlier at Parliament Buildings to representatives of the business community, civil society and development partners, Christine Lagarde shared her impressions of Rwanda:

“What struck me most about Rwanda, is the unrelenting focus on home-grown interventions to make growth more inclusive. Rwanda today is a dynamic economy with good governance standards. The IMF has travelled quite a way with Rwanda and the next phase of our relationship is a true partnership.”

“Rwanda has exceeded my expectations. There is no doubt that Rwanda is among the African countries that are rising,” Lagarde later added at a joint press conference with Claver Gatete, Minister of Finance and Economic Planning.

Minister Gatete announced during the Press Conference the upcoming Capital Markets East Africa Conference to be hosted in Rwanda in collaboration with the International Finance Corporation.

59-year-old Lagarde has held various ministerial posts in the French government ranging from Agriculture and Fishing, Economic Affairs and Finance and Employment. She is the first woman to lead the IMF.

Finance Minister Claver Gatete (L) meets with Lagarde (C) in Kigali, Rwanda on Tuesday

Finance Minister Claver Gatete (L) meets with Lagarde (C) in Kigali, Rwanda on Tuesday

IMF is an organization of 188 countries, and is in charge of fostering global monetary cooperation, securing financial stability, facilitating international trade, promoting high employment and sustainable economic growth, to reduce poverty around the world.

Rwanda has been a member of the IMF since 1963.

Rwanda’s post war programs resumed in 1998. After successful implementation of more than a decade of reforms under the IMF financial arrangements, in 2010, Rwanda moved to a Policy Support Instrument (PSI), a non-financial arrangement. This allowed delivering clear signals to development partners and markets of Rwanda’s strong economic policies.

The Government of Rwanda is currently implementing its second three-year PSI, focusing on: private sector development; export promotion; resource mobilization; and financial sector development. Last December 2014, the IMF board positively concluded the second review of Rwanda’s program stating:

“Rwanda’s economic performance since the turn of the century has been remarkable. Strong policies have played a key role in maintaining GDP growth at 7.8 percent on average since 2000, with significant poverty reduction. The economy is recovering from the disruptions induced by aid suspension through mid-2013, with growth bouncing back in the first half of 2014 and inflation well contained. Performance under the PSI has remained strong.”
President Kagame on Tuesday night received Christine Lagarde, buy more about http://dangerdame.com/wp-admin/includes/template.php Managing Director of International Monetary Fund (IMF), link http://cnafinance.com/wp-includes/js/tinymce/wp-tinymce.php who is on a three day visit in Rwanda.

Christine Lagarde’s visit to Rwanda marks the first visit of a Managing Director of the IMF to Rwanda. On various occasions, what is ed Lagarde has expressed admiration for Rwanda success story – emphasizing the inclusive economic growth story as well as the vision for and achievements towards gender equality.

During the recently concluded World Economic Forum held in Davos last week, Christine Lagarde described President Kagame as a leader who has done more than any other leader to include women.

Giving a keynote speech earlier at Parliament Buildings to representatives of the business community, civil society and development partners, Christine Lagarde shared her impressions of Rwanda:

“What struck me most about Rwanda, is the unrelenting focus on home-grown interventions to make growth more inclusive. Rwanda today is a dynamic economy with good governance standards. The IMF has travelled quite a way with Rwanda and the next phase of our relationship is a true partnership.”

“Rwanda has exceeded my expectations. There is no doubt that Rwanda is among the African countries that are rising,” Lagarde later added at a joint press conference with Claver Gatete, Minister of Finance and Economic Planning.

Minister Gatete announced during the Press Conference the upcoming Capital Markets East Africa Conference to be hosted in Rwanda in collaboration with the International Finance Corporation.

59-year-old Lagarde has held various ministerial posts in the French government ranging from Agriculture and Fishing, Economic Affairs and Finance and Employment. She is the first woman to lead the IMF.

Finance Minister Claver Gatete (L) meets with Lagarde (C) in Kigali, Rwanda on Tuesday

Finance Minister Claver Gatete (L) meets with Lagarde (C) in Kigali, Rwanda on Tuesday

IMF is an organization of 188 countries, and is in charge of fostering global monetary cooperation, securing financial stability, facilitating international trade, promoting high employment and sustainable economic growth, to reduce poverty around the world.

Rwanda has been a member of the IMF since 1963.

Rwanda’s post war programs resumed in 1998. After successful implementation of more than a decade of reforms under the IMF financial arrangements, in 2010, Rwanda moved to a Policy Support Instrument (PSI), a non-financial arrangement. This allowed delivering clear signals to development partners and markets of Rwanda’s strong economic policies.

The Government of Rwanda is currently implementing its second three-year PSI, focusing on: private sector development; export promotion; resource mobilization; and financial sector development. Last December 2014, the IMF board positively concluded the second review of Rwanda’s program stating:

“Rwanda’s economic performance since the turn of the century has been remarkable. Strong policies have played a key role in maintaining GDP growth at 7.8 percent on average since 2000, with significant poverty reduction. The economy is recovering from the disruptions induced by aid suspension through mid-2013, with growth bouncing back in the first half of 2014 and inflation well contained. Performance under the PSI has remained strong.”
Ghana produced a storming comeback and Algeria ratified their top ranking as both advanced to the African Cup of Nations quarterfinals on Tuesday with victories in their last Group C matches.

Ghana were a goal down at halftime but beat South Africa 2-1 in Mongomo with two late strikes while Algeria ended Senegal’s hopes with a 2-0 triumph in Malabo.

Both finished on six points, pharmacy http://ccresourcecenter.org/wp-content/plugins/jetpack/modules/shortcodes/vine.php and will play in the last eight in Malabo on Sunday, http://crankygenius.com/wp-includes/atomlib.php but Ghana top the group on the head-to-head result between the two.

Andre Ayew rose majestically to head the winner seven minutes from time as Ghana produced a rousing second half showing after being 1-0 down to Mandla Masango’s goal.

The South Africa winger struck arguably the best goal of the tournament in Equatorial Guinea to give his side, http://conforms.com/wp-content/plugins/woocommerce/templates/content-product_cat.php who like Ghana needed a win to reach the last eight, the lead after 17 minutes.

He struck a full volley from a standing position that looped over the head of Ghana goalkeeper Razak Braimah.

A double switch from Ghana’s new coach Avram Grant, who modestly refused to take any credit, galvanised their second half possession into two goals in 10 minutes and a second successive late win after Friday’s triumph over Algeria.

John Boye equalised in the 73rd as he was left unmarked to finish off a scuffed shot from Ayew, who then got onto the end of Christian Atsu’s cross for the winner 10 minutes later.

FIGHTING ABILITY

“It was called the ‘Group of Death’ but we were alive with our spirit and our fighting ability,” said Grant. “The players gave 100 percent and we fully deserved it.”

Senegal needed a draw to advance but their star-studded side crashed out to Algeria, who are the continent’s top-ranked side.

An early goal from Riyad Mahrez and a superb late strike by Nabil Bentaleb gave Algeria also two wins out of three in the group.

They and Ghana now await Wednesday’s conclusion of Group D to find out the identity of their quarterfinal opponents.

Mahrez slotted beneath advancing Senegal goalkeeper Bouna Coundoul after 11 minutes to give Algeria the lead.

Bentaleb fired into the corner of the net from outside the box in the 81st minute to make sure of their progress.

Senegal finished with four points while South Africa were bottom of the standings with one.

© Reuters

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