Africa: IMF Sees Strong Growth, Lingering Risks in Low-Income Countries

press release

Low-income countries are now among the fastest-growing economies in the world, but many remain vulnerable to shocks and spillovers from advanced and emerging markets, the IMF says.

"Low-income countries have worked to develop institutional capacity and build fiscal buffers that they were able to use during the crisis, and now, all the hard work has paid off," said IMF Deputy Managing Director Min Zhu at an IMF seminar.

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