ECONOMY AFRICAN DEVELOPMENT

IMF Revises Sub-Saharan Africa Growth Forecast Upward to 4.1%

IMF Africa Forecast

In its World Economic Outlook update, the IMF raised its sub-Saharan Africa forecast by 0.4 percentage points to 4.1%, marking the region's strongest projected growth since 2019.

The upward revision reflects stronger-than-expected performance in Côte d'Ivoire, Rwanda, and Senegal, as well as a commodity price recovery benefiting resource exporters.

The Fund warned, however, that elevated debt servicing costs and climate vulnerabilities pose material downside risks, particularly for small island developing states.

This article was reported by the AfriDevMonitor editorial team. Additional reporting contributed by our correspondents in Addis Ababa, Nairobi, Lagos, Johannesburg, and Cairo.