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For many countries in sub-Saharan Africa, 2016 was a difficult year. Regional economic growth dipped to 1.4% – the lowest in more than two decades. Most oil exporters were in recession and conditions in other resource-intensive countries remained difficult. By comparison, countries that aren’t reliant on resources continued to grow robustly.
Growth is expected to increase by a modest 2.6% in 2017, but this falls short of past trends and is too low to put sub-Saharan Africa back on a path of rising living standards.
This seminar will launch the International Monetary Fund’s latest Regional Economic Outlook for sub-Saharan Africa: ‘Restarting the Growth Engine’.
Chair: Zachary Donnenfeld, ISS
Montie Mlachila, International Monetary Fund
Mohammed Nalla, Public Investment Corporation