DIG/ According to the International Monetary Fund (FMI) in its last publication of April 2024 “Regional Economic Outlook in Sub-Saharan Africa”, the growth rate of the African continent will pass from 3.4% in 2023 to 3.8% in 2024, and almost two-thirds of countries expect higher growth.
This is particularly the case for Gabon, whose growth rate is expected to be 2.9% in 2024 compared to 2.3% in 2023.
The economic recovery is expected to continue beyond this year. According to the projections of the Fundthe continent’s economic growth is expected to reach 4.0% in 2025 compared to 2.7% for Gabon.
« Linflation has almost halved, public debt ratios have largely stabilized and several countries have issued Eurobonds this year, ending a two-year period when the region no longer had access to markets international », indicates the IMF in its report. Before emphasizing:
« However, all is not well. The financing shortage continues for states in the region which still face high borrowing costs and looming debt repayments. These prospects remain exposed to rather downward risks ».
According to the Fund,he region remains more vulnerable to global external shocks, as well as the risk of worsening political instability and an increase in climate disasters. Three strategic measures can help countries meet these challenges: straighten out public accounts without hindering development; pursue a monetary policy focused on price stability; and implement structural reforms to diversify the economy and sources of financing.
« In this context, sub-Saharan African countries will need more support from the international community in order to build a more inclusive, sustainable and prosperous future. », underlines the Fund.
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2024-04-26 07:46:33