Panel Discussion on Public Expenditure and the poor in Africa: introductory remarks by K. Y. Amoako, executive secretary, ECA

Abstract

Introductory Remarks by K. Y. Amoako, Executive Secretary, ECA at the Panel Discussion on Public Expenditure and The Poor in Africa. Mr. Amoako, on his remarks highlighted that, the strategy that has proved effective in improving economic and social well-being consists of three elements: labor-demanding growth, investments in education and health and safety nets for poor and vulnerable groups. Governments can contribute most to economic and social progress by focusing on the things that they do best. Sustained improvement in living standard through growth, human capital development, and safety nets requires a strong partnership between governments and the private sector. Public expenditures offer significant opportunities for promoting growth and the equitable distribution of its fruits. The broad reviews of government expenditure are needed to help governments restructure and make tough choices about the allocation and reallocation of their public expenditures.