IMF advocates for flexibility in negotiations regarding external debt restructuring under the G20 framework
The International Monetary Fund (IMF) has projected a 3.8 per cent in economic growth for sub Saharan Africa in 2024. This follows a significant change from 3.4 per cent in 2023, however the projection includes a steady increase to 4.0 per cent on 2025. The IMF in its April 2024 Regional Economic Outlook for Sub-Saharan Africa, further highlights a gradual improvement and uptick in economic activity. Despite this optimistic outlook, African governments still encounter challenges such as financing shortages, high borrowing costs, and risks associated with debt rollover. The report also highlights significant looming external debt repayments, with $5.9 billion...
