Sub-Saharan Africa: Living on The Edge.
Mr. Abebe Aemro Selassie, Director, African Department, International Monetary Fund
Sub-Saharan Africa: Living on The Edge.
- Sub-Saharan Africa is projected to grow by 3.6 percent in 2022 – more than one percentage point slower than 2021 mainly due to a worldwide slowdown, tighter financial conditions, and volatile commodity prices.
- Rising food and energy prices are striking at the region’s most vulnerable, and public debt and inflation are at levels not seen in decades.
- The most recent turmoil comes on top of a prolonged pandemic, leaving authorities with their most difficult and uncertain policy environment in years.
- International support to address ongoing challenges, including food insecurity and the green energy transition, remains essential.
Source: IMF