(G. News): Sub-Saharan African Nations Urged to Diversify Economies

After two years of falling growth, economic growth in sub-Saharan Africa will improve by an estimated four percent in 2024, predicts the International Monetary Fund.

But this aggregate figure conceals differing realities for different nations: growth is expected to be slower in countries which export oil and raw materials such as minerals than in those with more diversified economies. People's incomes also are expected to rise faster in diversified economies.

The IMF is also recommending that sub-Saharan African nations take a number of specific steps to offset the recent slowdown of growth in China.

From the outside, Danny Bradlow of the University of Pretoria writes in Conversation Africa that while the world needs effective international financial institutions such as the IMF and the World Bank, they need to be reformed to make them "them "more credible, legitimate, inclusive, responsible and effective."

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