According to the International Monetary Fund, African nations have demonstrated significant economic durability while navigating energy market instability caused by the conflict involving Iran. Projections indicate that the continent's economic growth is set to reach 4.5 percent this year, with an anticipated increase to 5 percent by 2027. Despite this positive outlook, the IMF highlighted concerns regarding a projected 12 percent reduction in international development aid, which follows a notable decrease observed in 2025. Zeine Zeidane, who leads the IMF's Africa department, cautioned that the combination of global financial instability, climate-related extreme weather events, and persistent regional conflicts could jeopardize food security and heighten existing economic vulnerabilities. Maintaining fiscal stability remains a critical challenge as these external pressures continue to impact the region's long-term development prospects.
Source : CGTN
Photo : CGTN
