Tag Archives: International Monetary Fund

Sub-Saharan Africa to lose $200bn in 2020, says IMF

Sub-Sahara African countries will lose about $200bn in incomes by the end of 2020, according to the International Monetary Fund (IMF). The development is as a result of the COVID-19 pandemic, which is pulling the global economy towards recession. IMF had already, in its latest Regional Economic Outlook, projected that the economies of Sub-Saharan African countries would contract by 1.6 …

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