IMF's Georgieva: Africa faces better prospects, but below potential


Reuters | Updated: 06-10-2023 00:08 IST | Created: 06-10-2023 00:05 IST
IMF's Georgieva: Africa faces better prospects, but below potential
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International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday she expected an improvement in sub-Saharan Africa's economic prospects next year, but the region was underperforming compared to its potential.

Georgieva made the remark in comments following her "curtain-raiser" speech for next week's IMF and World Bank annual meetings in Marrakech, Morocco.

She said the continent was suffering from external shocks that were not of its own making, including the war in Ukraine and climate shocks.

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