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Vol 65 No 23

Published 15th November 2024


Global and regional conflicts hit economies

Opposition to the tax reforms necessary to boost revenues is fuelled by economic hardship and scepticism about spending choices

Six months after IMF African Department Director Abebe Selassie suggested – during April’s joint IMF/World Bank Spring Meetings – that Africa’s economies could be at a turning point should ‘the right policy choices be made’, there is little sign of the major upturn in growth prospects and investment that the continent needs to raise living standards, alleviate poverty, and reduce the income gap with other developing regions.

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