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Growth in emerging markets and developing economies (EMDEs) is expected to slow to 3.7% in 2025. The resilience recently shown by many EMDEs may be tested as high debt becomes harder to service amid tight global financial conditions. imf.org/en/Publication…

Excellent meeting with Bank of Zambia Governor Denny Kalyalya in Lusaka today. I welcomed the BoZ’s unwavering commitment to price and financial system stability in a challenging economic environment.

Excellent discussion with Ministry of Finance & National Planning - Zambia Minister Situmbeko Musokotwane in Lusaka. I commended him on Zambia’s strong track record of implementing reforms under the IMF-supported program, despite a plethora of shocks. IMF remains committed to support Zambia and its people.

Great pleasure to meet Zambian President Hakainde Hichilema in Lusaka today. We discussed Zambia’s encouraging progress on restoring macroeconomic stability and advancing reforms even as Zambia endured repeated economic shocks.

Zambia was one of the first countries to use the G20 Common Framework to restructure its external debt. This took tremendous courage and leadership. Zambia has owned, and demonstrated commitment, to its reforms, with the support of the IMF and the international community.

As a result, public finances are on a sounder footing today while social support has more than doubled. I assured President Hakainde Hichilema of IMF’ continued partnership and support in the best interest of the Zambian people.

My thoughts after visiting tech firms in the San Francisco Bay Area…

What drives successful debt reductions in sub-Saharan Africa? Our new note breaks it down: reform, growth, and strong institutions. imf.org/en/Publication…

My deep appreciation to Zambia’s President Hakainde Hichilema and 🇿🇲’s economic team for very productive discussions. My engagement with Zambian stakeholders has left me optimistic about Zambia’s future. imf.org/en/News/Articl…

Our new note on sub-Saharan Africa finds that fiscal adjustment yields better results when paired with pro-growth structural reforms and stronger institutional frameworks. Successful debt stabilization requires budgetary consolidation and economic growth. imf.org/en/Publication…

Rwanda and Côte d'Ivoire demonstrate paths out of fragility through economic diversification. Rwanda shifted from agriculture to technology and tourism, while Côte d'Ivoire expanded into manufacturing and services after 2011. More in our new research. imf.org/en/Publication…

Our Chart of the Week shows data centers could consume 1,500 terawatt-hours by 2030, 1.5 times more than electric vehicles. Policymakers must balance AI's economic potential with energy sustainability through diversified strategies and pricing mechanisms. imf.org/en/Blogs/Artic…

Had productive talks with President Lourenço on Angola’s economy amid global headwinds. We discussed steps to preserve reform gains. The IMF stands ready to support Angola’s diversification goals. Please read the full statement here: : imf.org/en/News/Articl…

.IMF Africa's outlook team launched the Regional Economic Outlook for Sub-Saharan Africa in Abidjan with 🇨🇮 Finance Minister Adama Coulibaly & UN Development’s Blerta Cela. Growth in 2025 is projected to slow to 3.8% amid global uncertainty. Read the report here: imf.org/en/Publication…

The AI boom means the world’s data centers use more electricity than almost every country. See our blog on how to supply the power-hungry technology that’s driving growth. imf.org/en/Blogs/Artic…

Great exchange with CGECI - Le Patronat Ivoirien members on navigating growth amid global uncertainty. With tighter budgets & rising debt, resilience is key through smarter spending, better revenue generation, and bold reforms. More in the Regional Economic Outlook: imf.org/en/Publication…

Happy #AfricaDay! Today we celebrate Africa's tremendous potential: its dynamic youth, abundant resources, and boundless creativity. A prosperous world economy in the 21st century requires a prosperous Africa. Let's work together to unlock this promise.

Pleasure meeting #CaboVerde PM Ulisses Correia e Silva. Congratulated Cabo Verde on 50 years of independence and strong program performance, incl. significant public debt reduction. Thanked him for 🇨🇻’s support to AFRITAC West 2 training center. The IMF remains a strong partner.

Ethiopia has taken historic steps to address macroeconomic imbalances, including adopting a more flexible exchange rate and moving to an interest rate-based monetary policy. Read our IMF Country Focus story to find out more. imf.org/en/News/Articl…

Ethiopia’s central bank (National Bank of Ethiopia) is leading transformative reforms, modernizing monetary policy, and adopting a more flexible exchange rate to strengthen the country’s economic resilience. Read our IMF Country Focus story to learn more. imf.org/en/News/Articl…