IMF RELEASES LATEST ANALYSIS OF SSA ECONOMY

THE INTERNATIONAL Monetary Fund (IMF) has published its latest analysis of Sub-Saharan Africa’s economic landscape.

Warning that the region’s economies face difficulties from a slowdown in global growth, which will hit exports, the organisation does state that public debt load is stabilising.

Abebe Aemro Selassie, Director of the IMF’s African Department, added: “Going forward I expect it to remain stable provided countries implement the budgets that they’ve formulated.”

However, several African nations are in a state of debt distress, among them Zimbabwe, South Sudan and Mozambique.