IMF
The International Monetary Fund’s new Africa chief, Zeine Zeidane, says conflict in the Middle East is creating fresh economic challenges for sub-Saharan Africa, but insists the IMF remains committed to supporting countries under pressure.
Since taking over the IMF’s African Department in May, Zeidane has made helping nations weather the shock his top priority.
The fund has already approved additional financing support for Burkina Faso, The Gambia and São Tomé and Príncipe, while accelerating around $200 million in funding for Ethiopia.
Zeidane warns disruptions to trade, energy and fertilizer supplies could persist for months.
Yet he remains optimistic, saying Africa is poised to become the world’s next major engine of growth if its economic potential is fully unlocked.
00:42
Niger set for $200 million financial package from IMF
01:43
Yemen: Residents of Taiz fear food supply shortages amidst the siege
01:18
WWF report says reason for hope despite wildlife population decline
Go to video
Africa launches own credit agency in bid for cheaper borrowing
01:55
Iran sets up military training camp for volunteers in face of US threats
11:18
Africa: Solid growth amid investment challenges [Business Africa]