The International Monetary Fund projects economic growth in Sub-Saharan Africa to reach 5 percent this year and 5.5 percent in 2011.
“The region’s resilience owes much to sound economic policy implementation before and during the 2007–09 global financial crisis. This allowed country authorities to use fiscal and monetary policies nimbly to dampen the adverse effects of the sudden shifts in world trade, prices, and financial flows,” according to the fund’s latest Regional Economic Outlook.
