Still emerging from the COVID-19 pandemic, countries in sub-Saharan Africa have been hit by a sluggish global economy, worldwide inflation, high borrowing costs, and a cost of living crisis. In many cases, inflation is still too high, borrowing costs are still elevated, exchange-rate pressures persist, and political instability is an ongoing concern. To ensure that the coming rebound is more than just a transitory glimpse of sunshine, it is important for authorities to guard against a premature relaxation of stabilisation policies, while also focusing on reforms to both claw back lost ground from the four-year crisis and also to create new space to address the region’s pressing development needs.
Two senior International Monetary Fund (IMF) officials will launch the Fund’s Regional Economic Outlook for Sub-Saharan Africa October 2023, at this event. This report will outline recent economic developments, prospects and challenges in sub-Saharan Africa, describe the circumstances that have affected economic performance, discuss key challenges confronting policymakers, and provide country-specific data and analysis.
Speakers
- Catherine Patillo: Deputy Director of the African Department, IMF
- Luc Eyraud: Director of Regional Studies, IMF
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Entrance is free for all persons attending.
We look forward to your attendance and participation.