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Ethiopia

Abebe Aemro Selassie


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Up against the slowdown

The differentiated nature of Africa's growth according to IMF Africa department director Abebe Selassie means that non-resource economies growing – at around 6% – almost three times faster than the resource economies' average implies that several economies could register much faster improvements in living standards should this growth be persistent and be accompanied by strong job creation...


Struggling to keep pace

That works out at less than one percentage point in per-capita terms at a time when the IMF's African Department director Abebe Selassie has warned that hoped-for future per-capita growth of approximately 1...


Diversification or bust

On the previous day Zeufack's IMF counterpart Africa Director Abebe Aemro Selassie said that the slump was worsened by tougher access to finance and a 'much delayed and incomplete' policy response by African governments to the economic shocks...


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