Sub-Saharan Africa debt levels to fall but new funding scarce, says IMF
April 19, 2024 Debt levels in Sub-Saharan Africa are set to fall after a string of sovereign defaults, but new financing is still expensive and hard to come by, forcing…
Analysis: Debt squeeze leaves sub-Saharan Africa’s governments in fiscal bind
Oct 16, 2023 The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may be hard to…
IMF lowers Sub-Saharan Africa growth forecasts
October 10, 2023 Sub-Saharan Africa’s economic growth will shrink for a second year in a row in 2023 before rebounding in 2024, the International Monetary Fund (IMF) said on Tuesday…
Africa Needs Bilateral Help to Cope With Major Funding Squeeze- IMF
April 14, 2023 Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, is disrupting economic growth and endangering its long-term development, the…
COVID waves: IMF says vaccine manufacturers should shift supplies to Africa
June 19, 2021 COVID-19 infections in Africa will likely exceed previous peaks within days, underscoring the urgent need to accelerate vaccine supplies and financing to region, International Monetary Fund Managing…
Border closure: IMF backs Nigeria, says free trade must be legal, in line with agreements
Mr Abebe Selassie, Director of the African Department at the IMF (right) with Ms Meera Louis, a Communications Officer at the Fund, during the media briefing. Photo Credit: NAN …