Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
AfricaMay 5 2023

IMF Africa director: “African countries are at the brutal receiving end of climate change”

Abebe Aemro Selassie, director of the IMF’s African department, speaks to John Everington about the economic outlook for sub-Saharan Africa, the funding squeeze faced by much of the continent, and the necessity of increased spending on climate change adaptation.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
IMF Africa director: “African countries are at the brutal receiving end of climate change”

Q: The International Monetary Fund’s (IMF’s) recently published World Economic Outlook predicts slower global growth in 2023 and the lowest medium-term growth in decades. What is the outlook for sub-Saharan Africa?

A: While growth is holding steady across much of sub-Saharan Africa, the poor outlook in South Africa [where growth is forecast to slow to just 0.1%] means that growth for the region will decelerate to 3.6% in 2023 from 3.9% last year. 

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
Read more articles from this author