‘concerted action’

IMF’s Catherine Pattillo: ‘There is no systemic debt crisis’ in Africa

By Yara Rizk, Yara Rizk

Premium badge Reserved for subscribers

Posted on April 20, 2023 12:08

 © Catherine Pattillo, Deputy Director of the IMF’s Africa division (photo: supplied)
Catherine Pattillo, Deputy Director of the IMF’s Africa division (photo: supplied)

With the global economy tightening and indicators going south, how can Africa cope with a looming economic avalanche? Catherine Pattillo, Deputy Director of the IMF’s Africa division, discusses the situation on the continent.

The International Monetary Fund (IMF) and the World Bank (WB) agree that global economic growth is unlikely to exceed 3% on average each year until 2028, the most pessimistic outlook since 1990.

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.

Subscribe Now

cancel anytime