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IMF Says Sub-Saharan Africa Nations Must Contain Budget Gaps
LAGOS, Nigeria, Capital Markets in Africa — Sub-Saharan African nations need to contain their fiscal deficits to avoid becoming more vulnerable to external events, the International Monetary Fund said. “If deficits are not curbed, these countries will be left without buffers and, worse still, remain vulnerable to a financing crisis should external financing conditions get even more difficult,” the Washington-based lender said in its Regional Economic Outlook on Tuesday. African countries from Ghana to Mozambique have approached the…
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