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Africa: A Message to Africa's Leaders from the IMF - Diversify Your Economies
allAfrica, 17 October 2023
If you want your country to grow and improve the lives of your people, you need to diversify your economy – and stop subsidising the rich at the expense of the poor. Read more »
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Africa: How African Economies Can Cope With China Slowdown
allAfrica, 16 October 2023
The International Monetary Fund (IMF) has urged sub-Saharan African nations to take steps to offset the recent slowdown of growth in China. Read more »
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Africa: China, U.S. Blamed for Slow Debt Relief to Africa
DW, 11 October 2023
Debt relief plans are progressing slowly, much to the agony of developing countries. China has been widely blamed for the delayed global response. Beijing disagrees and puts the… Read more »
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Africa: The World Bank and the IMF Need to Keep Reforming to Become Fit for Purpose
The Conversation Africa, 16 October 2023
The World Bank and the International Monetary Fund are being challenged to make substantial reforms so that they become fit for purpose in the 21st century. Read more »
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Africa: How to Avoid a Debt Crisis in Sub-Saharan Africa
IMF, 26 September 2023
Public debt in the region has risen to levels not seen in decades Read more »
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African Development Bank (AfDB), 25 September 2023
The African Development Bank President, Dr Akinwumi Adesina, has said the global financial architecture constrains Africa's development. He recommends five ways it can be made… Read more »
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MAP, 13 October 2023
The High-Level Ministerial Meeting on accelerating the financing of Africa's emergence, held on Thursday on the sidelines of the WB-IMF Annual Meetings, culminated in the adoption… Read more »
Sub-Saharan African Nations Urged to Diversify Economies
After two years of falling growth, economic growth in sub-Saharan Africa will improve by an estimated four percent in 2024, predicts the International Monetary Fund, writes John Allen for AllAfrica.
But this aggregate figure conceals differing realities for different nations: growth is expected to be slower in countries which export oil and raw materials such as minerals than in those with more diversified economies. People's incomes also are expected to rise faster in diversified economies.
The IMF is also recommending that sub-Saharan African nations take a number of specific steps to offset the recent slowdown of growth in China.
From the outside, Danny Bradlow of the University of Pretoria writes in Conversation Africa that while the world needs effective international financial institutions such as the IMF and the World Bank, they need to be reformed to make them "them "more credible, legitimate, inclusive, responsible and effective."
Documents
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10 October 2023
Economic Forecasts for Sub-Saharan Africa - 2023 & 2024
- Publisher:
- International Monetary Fund
- Publication Date:
The IMF's projections of percentage growth in gross domestic product (GDP) in real terms for individual nations in sub-Saharan Africa in 2023 and ... see more »
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10 October 2023
Regional Economic Outlook - Sub-Saharan Africa
- Publisher:
- International Monetary Fund
- Publication Date:
Still emerging from the COVID-19 pandemic, countries in sub-Saharan Africa have been hit by a sluggish global economy, worldwide inflation, high ... see more »
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13 October 2023
At a Crossroads - Sub-Saharan Africa’s Economic Relations with China
- Publisher:
- International Monetary Fund
- Publication Date:
Sub-Saharan Africa has forged broadly beneficial economic ties with China over the last two decades. China has become the region's largest trading ... see more »
InFocus
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The annual meeting of the World Bank and International Monetary Fund (IMF) took place in Read more »
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Growth in Sub-Saharan Africa is expected to slow for the second year in a row in 2023. The outlook for the region is reflective of the slowdown in the global economy, as well as ... Read more »
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Africa: Africa is 'Living on the Edge' – The IMF Assesses Economies Under Stress
allAfrica, 14 October 2022
That the latest International Monetary Fund regional survey on Sub-Saharan Africa released today offers a stark assessment of the current economic outlook is clear from the title:… Read more »
InFocus
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AllAfrica's Nontobeko Mlambo spoke to the International Monetary Fund's Deputy Managing Director Antoinette Sayeh who recently attended a high level conference co-organised with ... Read more »
Among leading African figures at the meetings in Marrakech were United Nations deputy secretary-general Amina Mohammed, left, and World Trade Organization chief Ngozi Okonjo-Iweala, right.
