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IMF report on Sub-Sahara Africa
May 18 , 2023
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- The IMF recently released a report titled, ‘Geoeconomic Fragmentation: Sub-Saharan Africa Caught between the Fault Lines’.
- Economic and trade alliances with new economic partners, China, India and others, have benefited sub-Saharan Africa.
- Escalation of current geopolitical tensions would see countries in sub-Saharan Africa hit by higher import prices or even lose access to key export markets.
- This would mean that half of the region’s international trade value could be impacted.
- Sub-Saharan African region could lose an estimated $10 billion of foreign direct investment and official development assistance inflows.
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