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

 

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