IMF trims projections for sub-Saharan Africa, global growth

IMF trims projections for sub-Saharan Africa, global growth

The new World Economic Outlook report projects that global growth will remain steady over 2018–19 at last year’s rate of 3.7 percent, but that’s revised down from 3.9 percent earlier this year. “There are clouds on the horizon. Growth has proven to be less balanced than hoped,” said Maurice Obstfeld, chief economist…

Ethiopia’s Abiy courts diaspora on U.S. tour

Ethiopian Prime Minister Abiy Ahmed continues his outreach tour in the United States on Saturday with a gathering for the diaspora in Washington D.C., part of a concerted effort to encourage Ethiopians who have left the country to return home and build its future. Abiy’s meeting at the Walter E….

Lagarde: Africa’s tech, soft infrastructure are IMF priorities

Christine Lagarde, managing director of the International Monetary Fund, said soft infrastructure investment across Africa is a development and investment priority as the IMF encourages a more inclusive – and more vigorous – approach to global economic growth. “More can be done to raise growth now and make it more inclusive,”…