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.
01:03
Invasive mosquito sparks malaria fears across Africa
01:08
30 African countries included in permanent visa bond scheme
00:58
Tankers 'waiting for permission' to transit through Strait of Hormuz, Iran says
00:51
IMF completes reviews in Egypt unlocking $1.8 billion
02:15
Sudan farmers struggle as Iran conflict drives costs higher
00:54
Egypt confirms unidentified drone caused fire at Mediterranean port