Jan 022013

IMF reports for Sub-Saharan Africa 2012

IMF Survey: Odds in Africa’s Favor as Continent Walks Economic Tightrope

The big question for sub-Saharan Africa in 2012 is whether the region can sustain its recent strong growth despite a stalling global economy. The odds seem in its favor. But the costs of a fall from its tightrope 2011 performance remain disconcertingly high.

IMF Survey: IMF Promotes Better Economic Data in Africa

The IMF is helping a group of sub-Saharan African countries produce and disseminate higher-frequency data on economic growth.

Press Release: The Democratic Republic of Congo and the IMF to Co-Host High Level Conference On the Management of Natural Resources in Sub-Saharan Africa

IMF Survey: Better Business Climate Can Soften Crisis Impact on Africa

African countries are focusing on improving their business climates to soften the impact on their economies of the crisis in the euro zone, African finance ministers tell reporters in Washington, adding that faster domestic policy reforms will encourage foreign investment in the continent.

IMF Survey: Africa Must Diversify to Create More Jobs, Says Okonjo-Iweala

African countries should rebuild their fiscal buffers and diversify their economies away from commodities in order to protect themselves from another possible global downturn, says Nigerian Finance Minister Ngozi Okonjo-Iweala. She adds that Africa should not be in the business of importing food.

Sub-Saharan Africa region — October, 2012:

Economic conditions in sub-Saharan Africa have remained generally robust despite a sluggish global economy. The near-term outlook for the region remains broadly positive, and growth is projected at 5 1/4 percent a year in 2012-13. Most low-income countries are projected to continue to grow strongly, supported by domestic demand, including from investment. The outlook is less favorable for many of the middle-income countries, especially South Africa, that are more closely linked to European markets and thus experience a more noticeable drag from the external environment. The main risks to the outlook are an intensification of financial stresses in the euro zone and a sharp fiscal adjustment in the US-the so called fiscal cliff.

IMF Survey: Sub-Saharan Africa Maintains Growth in an Uncertain World

Sub-Saharan Africa remains relatively insulated from the negative factors pulling down growth in advanced countries, but countries with closer trade links to Europe are experiencing some softening in exports, the IMF says in the main chapter of its Regional Economic Outlook for the region.

IMF Survey: Africa’s Reforms Payoff Held Up by Global Uncertainty

The uncertain global environment is hindering foreign investment in African economies and delaying the payoff that African countries expected after they enacted reforms to improve their domestic business climates, African finance ministers tell reporters during the IMF-World Bank Annual Meetings in Tokyo

All info collated from imf.org

Suggested Books

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