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...

IMF Africa Department director Abebe Selassie emphasises four key policy challenges facing governments: the fight against food insecurity prioritising those most in need; reducing budget deficits despite poor financing conditions raising revenues while targeting spending cuts and maintaining debt sustainability; fighting inflation via gradual interest rate increases; balancing central bank credibility against the dampening effect of higher interest rates on growth; creating the conditions for 'high-quality' growth in an era of climate change and boosting renewable sources of energy...

IMF Africa department director Abebe Selassie said policymakers faced three main challenges: to protect vulnerable populations from rising food and fuel prices while keeping an eye on debt sustainability; to control inflationary pressures without undermining growth recovery; to respond to pressure on their exchange rates largely driven by interest rate hikes in the biggest economies...

IMF Africa department director Abebe Selassie – whose home country Ethiopia is counting the cost of its own conflict – says the invasion could drive revisions to economic forecasts to be released at this month's meetings...

Africa's heterogeneous economies face greater challenges in securing sufficient financing as they manage their increased debts generating sufficient tax revenues and boosting spending on critical needs – a 'trilemma' says IMF Africa department director Abebe Selassie...

7% contraction Africa department director Abebe Selassie has commended its government for pursuing economic reforms in a Covid-disrupted environment not foreseen when the IMF approved Angola's extended fund facility (EFF) in 2018...

In a 7 September statement Abebe Aemro Selassie the head of the IMF's African Department issued a statement saying that 'Chad's debt is unsustainable' and worsening due to factors including Covid-19 terrorist attacks and falling oil prices...

IMF African department director Abebe Aemro Selassie now projects that sub-Saharan economies are unlikely to vaccinate a sufficient share of their populations before 2023...

Abebe Aemro Selassie Director of the IMF's African Department said 'We look forward to the presentation of the government's home-grown economic strategy and will be assessing in the coming weeks how the IMF could support the authorities' reform efforts through a possible Fund programme...