2023-04-20 10:11:41
According to an old African proverb, when elephants fight, the grass is trampled. Today, the IMF has quantified this ancient wisdom: a report published on the occasion of the Meetings of spring of the Fund and the World Bank points out that it is sub-Saharan Africa that risks suffering the most from the threat of a rupture between the United States and China, as well as from a wider “geoeconomic fragmentation”. According to the IMF, it might cost the region a loss of economic growth of 4%.
“Over the past two decades, africa Sub-Saharan Africa has forged economic and trade alliances with new economic partners,” the IMF said. “While the region has benefited from increased global integration during this period, the emergence of geoeconomic fragmentation has highlighted potential downsides. Compared to other regions, sub-Saharan Africa stands to lose the most in a world seriously fragmented. »
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