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Browsing: big funding squeeze
- Growth in sub-Saharan Africa is expected to slow to 3.6 percent in 2023, as a “big funding squeeze” tied to the drying up of aid and access to private finance hits the region.
- If no measures are taken, the funding shortage may force countries to reduce fiscal resources for critical development areas of health, education, and infrastructure, the IMF warned.
- Persistent global inflation and tighter monetary policies have led to higher borrowing costs for sub-Saharan African countries, placing huge pressure on exchange rates.
Economic growth in sub-Saharan Africa is projected to slow to 3.6 percent in 2023, as a “big funding squeeze”, tied to the drying up of aid and access to private capital sweeps across the region, the International Monetary Fund (IMF) has said.
The Regional Economic Outlook for Sub Saharan Africa April 2023 report indicates that if no measures are taken, to tackle this shortage of funding, a …
