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World Bank Pulls Back On Sub-Saharan Growth Projections

World Bank Pulls Back On Sub-Saharan Growth Projections

According to CCTV Africa, the World Bank has slightly pulled back on its projections for economic growth in sub-Saharan Africa. This year 4.6 percent growth is expected to come about, while 4.9 percent growth is on the horizon for next year. However, if policy makers rely on debt instruments to be the financial foundation of service and infrastructure investments, sub-Saharan countries may run into trouble.

“You have external challenges, you have domestic challenges — at the same time it’s a brand new year,” Ayhan Kose, director of development prospects at the World Bank told CCTV Africa. “Our hope is that policy makers in the region pay attention to the necessary steps they need to take — and they will take those.”