Loading
26-Oct-2010 7:26 AM

Africa must reduce fiscal deficits as economic growth rebounds: IMF

International Monetary Fund (IMF) Head Africa Department Head Antoinette Sayeh stated sub-Saharan African governments must commence trimming fiscal deficits as economic growth in the region returns to levels seen before the global financial crisis (Bloomberg, 25-Oct-2010). Sub-Saharan African governments maintained spending levels as the global recession reduced exports in 2009 pushing up fiscal deficits to an average of 7.2% of GDP.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More