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IMF's Plan for Loosening 'Big Squeeze' on Sub-Saharan Africa

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 the war between Russia and the Ukraine, the International Monetary Fund reports. Catherine Pattillo, senior economist at the IMF spoke with AllAfrica's Esther Rose, about the challenges facing countries in the region. The IMFs Regional Economic Outlook report outlines in more detail, its plan to assist.

Africa: The Concerning Economic Squeeze On Sub-Saharan Africa

allAfrica, 14 April 2023

Growth for Sub-Saharan Africa is expected to decelerate in 2023, for the second time in a row. According to the International Monetary Fund (IMF), this is partly due to a… Read more »

Africa: African Consultative Group Meeting - Statement By African Caucus Chair and Managing Director of IMF

IMF, 16 April 2023

Mr. Olavo Correia, Cabo Verde's Vice Prime Minister and Minister of Finance and Chair of the African Caucus and Ms. Kristalina Georgieva, Managing Director of the International… Read more »
Africa: IMF's Sub-Saharan Africa Regional Economic Outlook The Big Funding Squeeze

IMF, 14 April 2023

Growth in sub-Saharan Africa (SSA) is expected to slow to 3.6 percent as a "big funding squeeze", tied to the drying up of aid and access to private finance, hits the region. This… Read more »
Africa: Debt, Debt Everywhere...

This Day, 17 April 2023

Rising debt waves across the world remains a major risk for global financial stability and undermines efforts to engender sustainable development. Read more »

InFocus

Africa 'Living on the Edge' – IMF Assesses Economies Under Stress

That the latest International Monetary Fund regional survey on Sub-Saharan Africa released on Octo Read more »
- Africa: Africa is 'Living on the Edge' – The IMF Assesses Economies Under Stress
- Africa: Global Crises Plunge Millions Into Acute Food Insecurity
IMF Resilience Trust to Mitigate Future Climate, Pandemic Crises?

In the face of climate change and the Covid-19 pandemic, the International Monetary Fund (IMF) Read more »
- Africa: IMF's New Resilience, Sustainability Trust to 'Turn the Needle' on Climate, Pandemic Crises?
- Africa: IMF Executive Board Approves Establishment of the Resilience and Sustainability Trust
Ghana Suspends Paying Some Foreign Debt Amid Economic Woes

The country has suspended payments on its Eurobond, commercial term loans, and on most of its bilateral debt, a week after a U.S. $3 billion agreement with the International ... Read more »
- Ghana: Govt Halts Payments on Most External Debt
- Ghana: Ghana Suspends Payment On Eurobond, Other Foreign Debt As Economic Crisis Worsens

West Africa: Economic Crisis Prompting Protest and Political Tension Across West Africa

FrontPageAfrica, 12 April 2023

"I will never vote again in my life," says Mary Akurugu, as she arranges the firewood she sells at a busy market here in Ghana's Upper East region. Like people across West Africa… Read more »