For centuries, Africa has been plundered by foreign powers, who have seized territory and reaped the benefits of profitable trade routes.

Despite Africa’s abundant natural resources, it remains the poorest continent.

A new report by the International Monetary Fund (IMF) supports an African Union initiative to remove trade barriers to increase the flow of goods among African nations. It says the African Continental Free Trade Area could reduce extreme poverty.

We caught up with the IMF managing director while she was in Nairobi to endorse the AU initiative. Kristalina Georgieva talks to Al Jazeera.

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For centuries, Africa has been plundered by foreign powers, who have seized territory and reaped the benefits of profitable trade routes. Despite Africa’s abundant natural resources, it remains the poorest continent. A new report by the International Monetary Fund (IMF) supports an African Union initiative to remove trade barriers to increase the flow of goods among African nations. It says the African Continental Free Trade Area could reduce extreme poverty. We caught up with the IMF managing director while she was in Nairobi to endorse the AU initiative. Kristalina Georgieva talks to Al Jazeera. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ @AljazeeraEnglish #Aljazeeraenglish #News

Al Jazeera journalists sit down with top newsmakers from around the world.

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