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.
The head of the International Monetary Fund has thrown her weight behind the US central bank's recent rate hikes. Her support came after Donald Trump had called the Fed's policies "crazy" and harmful.
The International Monetary Fund has made a comeback in Africa. Experts say the organization that provides financial assistance to its members has learned from its mistakes, but it still cannot solve actual problems.
Sunday's by-elections were dubbed an early test to the popularity of PM Khan, who has been criticized for "mishandling" the country's economy. Losing a number of seats in parliament doesn't augur well for his government.
In its latest Financial Stability Report, the IMF has warned of greater global financial risks. It highlighted rising public and corporate debt levels in many nations and capital outflows in emerging economies.
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