Financing conditions for Sub-Saharan Africa countries to become tighter in 2024 – IMF 

The International Monetary Fund (IMF) has stated that financing conditions for sub-Saharan African economies are expected to remain tough for a period together with ongoing capital outflows from the region. 

The Director of African Department at the Fund, Abebe Selassie told reporters that inflow of foreign capital remained thinned and the pressure on exchange rate is a testament to the difficult finance terrain across the world. 

Selassie also made favorable forecast on economies of the SSA with relation to debt levels and increase in domestic and foreign investment. He explained that public debt has stabilised at around 60% following a decade of sporadic growth.