Category: Sub-Sahara

IMF / Sub−Saharan Africa’s Regional Economic Outlook

Growth in sub-Saharan Africa is expected to slow to 3.6 percent in 2023, as a “big funding squeeze”, tied to the drying up of aid and access to private finance, hits the region, announced the IMF today (Friday, April 14, 2023) in a press briefing. If no measures are taken, this shortage of funding may force countries to reduce fiscal resources for critical development like health, education, and infrastructure, holding the region back from developing its true potential “I wish […]

Read more

IMF / Sub−Saharan Africa Regional Economic Outlook

The sub-Saharan Africa region’s economic outlook will grow by 3.4 percent in 2021, up from 3.1 percent projected in October, and supported by improved exports and commodity prices, along with a recovery in both private consumption and investment. The IMF announced today (Thursday, April 15th) in a press briefing in Washington, DC. _____________________________________________________________________________________________________ “The region’s economy contracted by 1.9 percent in 2020, while this is somewhat less severe, about one percentage points less than we projected in October, you know, […]

Read more