IMF sees Africa lagging in rebound from pandemic blow | The Guardian Nigeria News - Nigeria and World News

In this file photo taken on July 15, 2021 Tourists arrive at the Sir Seewoosagur Ramgoolam International Airport in Port Louis as Mauritius has opened its borders to international travellers, both vaccinated and non-vaccinated with phase 1 of the reopening of the exotic Indian Ocean island running until September 30, 2021. /

Growth for sub-Saharan Africa should reach 3.7 percent in 2021 and 3.8 percent in 2022, “a welcome but relatively modest recovery,” the IMF said in its forecasts. Even though 12 billion doses of vaccine are to be produced in 2021, it will likely take more than a year for a significant number of Africans to be vaccinated, the Fund added.

Selassie added that “international cooperation on vaccination is critical to address the threat of repeated waves. The Nigerian economy is expected to grow by 2.6 percent thanks to high oil prices, even if production will remain below pre-Covid levels. The IMF predicts 2.7 percent growth in Africa’s most populous country in 2022.

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