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According to the IMF, geopolitical tensions could cost 4% of GDP in sub -Saharan Africa!

by Webdo
Wednesday 3 May 2023 12:28
in international

According to experts from the International Monetary Fund (IMF), sub -Saharan Africa will be the most penalized region in the event of a division of the world in two blocks.

The resurgence of geopolitical tensions will be catastrophic for the African continent, warns the IMF, and faced with this situation, African countries must strengthen their resilience.

Experts argue that sub -Saharan Africa will be the most penalized region in the event of a world division into two blocks.

To overcome this situation, this region must lower its economic dependence on the big poles, notes the institution of Bretton Woods.

The industrial transformation of the continent and the effective implementation of a common market could alleviate the risk of seeing the wealth created at the continent level.

The Russia-Pays Western tensions carried out by the United States and those opposing the USA to China about Taiwan, now carry the germs of a new reconfiguration of the world in two major poles: Western countries in front of a block led by China and Russia.

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