On the positive side according to the Fund's soon-to-retire African Department Director Abebe Aemro Selassie Africa's economies – including major players such as Nigeria Egypt and South Africa – enter the latest global crisis on the back of ‘hard won stabilization gains' from sound government policy...
Despite improvements noted by the ratings agencies and by an IMF – whose outgoing African Department head Abebe Aemro Selassie in October called revenue generation ‘perhaps the most overriding challenge that the country faces' – the federal deficit will remain substantial (AC Vol 66 No 5 Tinubu aims for Africa's top economy slot)...
‘We really really are appreciative of the effort that this new government has put in to promote transparency to try and come up with public debt numbers that are more accurate ' said Abebe Aemro Selassie director of the Fund's African department last month...
Global currentsIMF African Department Director Abebe Aemro Selassie argues that the impact of US tariffs on Africa has been less severe than expected thanks to low direct exposure and exemptions for key minerals and crude oil...
Economists such as Addis Ababa University's Alemayehu Geda and Abebe Aemro Selassie Deputy Director in the IMF's African Department have questioned the self-sufficiency claims...
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'...