IMF says African economies resilient but exposed to energy and financing shocks

IMF forecasts for Africa in 2026–27

The International Monetary Fund said African economies have weathered major external shocks better than feared, projecting regional growth of about 4.5% in 2026 and 5% in 2027. The outlook was discussed during the October international financial meetings while fuel costs and global market uncertainty remained high.

Different risks for importers and exporters

The IMF nevertheless cautioned that development aid is expected to decline again and that conflict, debt pressures and climate-related events could undermine progress. Individual economies differ sharply: resource exporters may benefit from some commodity prices, while countries importing fuel or food can face higher costs.

What could change the outlook

Policymakers discussed local processing of natural resources and carefully chosen investments in digital technology. The projections are region-wide forecasts, not a guarantee of rising living standards in every country.

Sources and verification

Read the report and check for later revisions: Primary reporting source

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