African growth has outpaced Western economies in recent years but the IMF now expects a slowdown. Sub-Saharan economies could drop to their slowest growth in 20 years.
International Monetary Fund (IMF) Managing Director Christine Lagarde believes China's "Belt and Road" is a good idea, but she also warned about saddling countries involved in the project with too much debt.
The IMF is calling on wealthier countries to limit potential safe havens for dirty money. Meanwhile, the World Bank has approved a large increase in lending capacity.
Opening the sessions of the two global lenders, IMF chief Christine Lagarde has warned governments about harming global trade and investment through unilateral measures even when disagreements exist.
The global emergency lender sees the world economy on a robust growth path in the coming two years. However, that outlook faces a severe risk if trade tensions between the US and China escalate in the month ahead.
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