Abebe Aemro Selassie

IMF Africa department director Abebe Selassie said policymakers faced three main challenges: to protect vulnerable populations from rising food and fuel prices while keeping an eye on debt sustainability; to control inflationary pressures without undermining growth recovery; to respond to pressure on their exchange rates largely driven by interest rate hikes in the biggest economies...

IMF Africa department director Abebe Selassie – whose home country Ethiopia is counting the cost of its own conflict – says the invasion could drive revisions to economic forecasts to be released at this month's meetings...

Africa's heterogeneous economies face greater challenges in securing sufficient financing as they manage their increased debts generating sufficient tax revenues and boosting spending on critical needs – a 'trilemma' says IMF Africa department director Abebe Selassie...

7% contraction Africa department director Abebe Selassie has commended its government for pursuing economic reforms in a Covid-disrupted environment not foreseen when the IMF approved Angola's extended fund facility (EFF) in 2018...

In a 7 September statement Abebe Aemro Selassie the head of the IMF's African Department issued a statement saying that 'Chad's debt is unsustainable' and worsening due to factors including Covid-19 terrorist attacks and falling oil prices...

IMF African department director Abebe Aemro Selassie now projects that sub-Saharan economies are unlikely to vaccinate a sufficient share of their populations before 2023...

Abebe Aemro Selassie Director of the IMF's African Department said 'We look forward to the presentation of the government's home-grown economic strategy and will be assessing in the coming weeks how the IMF could support the authorities' reform efforts through a possible Fund programme...

Africa's numerous security crises likewise represent another downside risk including the wave of #EndSARS anti-police brutality protests in Nigeria which IMF Africa department director Abebe Selassie concedes might lead to a revision of Nigeria's already disappointing outlook...

3bn (over $16bn in SSA) with – according to the IMF's Africa department director Abebe Selassie – more such financing potentially to come...

So far there are few signs that African policymakers will use the crisis to make major structural reforms or as IMF Africa Department director Abebe Selassie now suggests 'rethink their development models' to focus on production and jobs...

The differentiated nature of Africa's growth according to IMF Africa department director Abebe Selassie means that non-resource economies growing – at around 6% – almost three times faster than the resource economies' average implies that several economies could register much faster improvements in living standards should this growth be persistent and be accompanied by strong job creation...

That works out at less than one percentage point in per-capita terms at a time when the IMF's African Department director Abebe Selassie has warned that hoped-for future per-capita growth of approximately 1...