IMF africa Stories
The IMF warns that without decisive reforms in taxation, public spending efficiency and borrowing practices, the region risks falling short of its med...
The report highlights that in low-income countries the situation is even worse, with eight out of ten people lacking all three essentials: clean air,...
Armed conflicts are also weighing on growth, the IMF said, citing South Sudan's oil exports blocked by conflict in neighbouring Sudan.
Credit ratings were meant to help sub-Saharan countries tap global investors to fund much-needed development.
Push for increased revenue mobilisation has taken a hit on Kenya, resulting in the anti-tax protests.
While economic recovery is expected to gain momentum going forward, the IMF noted that it faced headwinds from an "unfavourable global economic enviro...
Kenya managed to sell a new $1.5 billion Eurobond in February from international markets, albeit at a steep price, and partly paid the loan.
As Africa pursues economic growth, key issues include borrowing to finance key projects, as loans and other plans have left many countries struggling...
