According to IMF African Department Director Abebe Selassie the shift in the global economic outlook has undermined what was better-than-expected recovery in SSA growth to 4% last year driven by policy reforms that had ‘began to bear fruit'...

Six months after IMF African Department Director Abebe Selassie suggested – during April's joint IMF/World Bank Spring Meetings – that Africa's economies could be at a turning point should ‘the right policy choices be made' (AC Vol 65 No 9 Reformers reach a turning point) there is little sign of the major upturn in growth prospects and investment that the continent needs to raise living standards alleviate poverty and reduce the income gap with other developing regions...

According to IMF African Department Director Abebe Aemro Selassie the Fund's largely climate finance-focused Resilience and Sustainability Trust (RST) under which 13 African countries have been extended lending facilities is now backed by $40bn in special drawing rights pledged by IMF member countries...

Africa's economies may be at a turning point should the 'right policy choices' be made according to the IMF's African Department Director Abebe Selassie...

African Department Director Abebe Selassie acknowledges the IMF receipt of proposed Ghana Eurobond-holder terms...

The public view of IMF African Department Director Abebe Aemro Selassie was that Kenya would return to the markets hopefully 'sooner rather than later'...

It is also a concern to the IMF whose Africa Department Director Abebe Aemro Selassie emphasised at October's IMF/World Bank annual meetings that he had no knowledge of any debt restructuring discussions involving Nigeria...

IMF Africa Department Director Abebe Aemro Selassie says African governments now face four main challenges – excessive inflation downwards pressure on exchange rates 'elevated' debt pressures amidst a continuing 'funding squeeze' (AC Vol 64 No 10 No brave new Bretton Woods in sight) and frequent debt distress and 'subdued' per-capita incomes particularly in resource-intensive economies...

Specifically warning of a serious 'funding squeeze' is IMF Africa Department director Abebe Aemro Selassie who six months ago urged African governments to tackle food insecurity improve fiscal balances and debt sustainability fight inflation and facilitate 'high quality' growth (AC Vol 63 No 20 Interest rate pressures mount across region)...

For the moment at least publicly the IMF's Africa director Abebe Aemro Selassie states that it does not expect Kenya to engage in debt restructuring and the consensus view is that Kenya is in little danger of defaulting on its debts...