Modernizing tax systems crucial for development, says IMF Africa director

Abebe Aemro Selassie, head of the International Monetary Fund’s African Department. Photo by: Cliff Owen / IMF / CC BY-NC-ND

WASHINGTON — Helping governments with the technical work of modernizing their tax systems is a “crucial but often overlooked” part of what the International Monetary Fund does, and one which could have major benefits for the poor, according to Abebe Aemro Selassie, head of the IMF’s African Department.

While the institution tends to be associated with austerity policies and is seen as a lender of last resort, this is no longer the case, he told Devex.

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About the author

  • Edwards sopie

    Sophie Edwards

    Sophie Edwards is a reporter for Devex based in London covering global development news including global education, water and sanitation, innovative financing, the environment along with other topics. She has previously worked for NGOs, the World Bank and spent a number of years as a journalist for a regional newspaper in the U.K. She has an MA from the Institute of Development Studies and a BA from Cambridge University.