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Category Archives: Africa

Africa to enjoy strong rebound: IMF

WASHINGTON — Sub-Saharan African will enjoy a strong recovery this year and next after the region fared much better than most developed countries during the global economic crisis, the IMF said on Wednesday.
The International Monetary Fund estimated that economic growth in the region would reach 4.7 percent this year and 5.9 percent in forecasts from [...]

IMF: MENA Region Recovering with 4.5% Growth in 2010

The Middle East and North Africa region is growing out of its downturn at a good speed. Economic prospects across the region are quite diverse, shaped by different constellations of underlying forces, stated the International Monetary Fund (IMF) in its latest report “World Economic Outlook”.
There are several factors moulding the shape of the MENA region’s [...]

Industrialization will help Africa fully join world economy, says Ban

20 November 2009 – Armed conflict, inadequate infrastructure, weak governance, limited financing and technological abilities, and policies that stifle entrepreneurship, limit competition and raise the cost of doing business are hindering the industrialization that Africa needs to fully join the global economy, Secretary-General Ban Ki-moon warned today.
“Efforts to address these challenges must be rooted in [...]

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