According to a new report released during last week’s spring meetings of the IMF and World Bank, sub-Saharan Africa stands to suffer the most from the threatened decoupling between the US and China as well as broader “geoeconomic fragmentation”. A full-on split between major economic powers could cost the region 4% in lost economic growth, the IMF says.
There's more to this story
Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.
cancel anytime
Already a a subscriber Sign In
Also in this in Depth:
missing links
Tanzania’s Standard Gauge Railway: Most advanced, but victim of minor private sector investment Tanzania’s standard gauge railway project – that seeks to open up quicker transport corridors towards the vast hinterland of Burundi, DRC, Rwanda, and Uganda – is the most advanced on the continent, but also a victim of a lack of private sector financing.leverage accelerator
AfDB tackles climate change at annual meeting in Sharm al-Sheikh More than 4,000 people have travelled to Egypt to attend the 58th Annual Meeting of the Board of Governors of the African Development Bank (AfDB) and the 49th Meeting of the Board of Governors of the African Development Fund, both of which are currently underway. On the agenda: climate change.Electric shock
South Africa prepares for the worst in load shedding It only took one statement to bring South Africa’s Eskom shares into the red. On Thursday, 18 May, Calib Cassim, acting CEO of the publicly-run national power company, warned the public that a “very difficult” winter was to be expected, with load shedding reaching stage 8.money matters
African Debt: Three proposals to reform the SDR system Hanan Morsy, Deputy Executive Secretary and Chief Economist of the United Nations Economic Commission for Africa (ECA), shares insights on new proposals to reform the International Monetary Fund’s (IMF) Special Drawing Rights (SDR) allocation system.