IMF chief Georgieva sees $345 billion financing gap for African states

Topics Africa | Kristalina Georgieva | IMF


By Andrea Shalal WASHINGTON (Reuters) - Countries and institutions must do more to help African states weather the global pandemic and its economic impact, the International Monetary Fund said on Friday, noting the region faced a projected financing gap of $345 billion through 2023. IMF Managing Director Kristalina Georgieva told a conference that African states had spent an additional 2.

5% of gross domestic product on average to help their populations, and institutions like the IMF had also stepped up, but more aid was needed. Private.

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