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…

Report on climate resilience urges help for sub-Saharan Africa

There’s troubling news for sub-Saharan Africa on climate change, as a new report from a British green-tech company looks at preparedness and resilience levels in nations across the world. It again highlights the urgent need for global commitments to assist the developing world on climate. Each year, the London-based Eco…

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,”…