IMF / Sub-Saharan Africa October 2021 Regional Economic Outlook

ID

596920

SHOOT DATE

21 Oct 2021

SHOOT LOCATION

WASHINGTON DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF / Sub-Saharan Africa October 2021 Regional Economic Outlook
SHOTLIST
RECENT - WASHINGTON DC

1. Wide shot, IMF building exterior with Annual Meetings signage

21 October 2021, WASHINGTON DC

2. SOUNDBITE (English) Abebe Aemro Selassie, Head of IMF’s African Department

“We estimate that sub-Saharan Africa's economy will grow by 3.7 percent this year and 3.8 percent in 2022. The recovery is being supported by favorable external conditions on trade and commodity prices. It has also benefited from improved harvests and increased agricultural production in a number of countries. And the recovery, of course, follows the sharp contraction in 2020 and is, of course, very much welcome,”

3. Wide shot, Abebe Aemro Selassie and journalist

4. SOUNDBITE (English) Abebe Aemro Selassie, Head of IMF’s African Department
“Sub-Saharan Africa has been hit by a third wave of the pandemic, this time with the more contagious Delta variant, with infection rates often rising to triple, quadruple the rates seen in earlier waves. Thankfully, this wave has now eased over the past months or so, but there is little reason to believe that there won't be repeated waves going forward. This is also because vaccination efforts in sub-Saharan Africa have been slower than other regions due mostly to stockpiling by advanced countries, export restrictions by major vaccine manufacturing countries, and additional demands for booster shots that we're seeing in advanced economies that could further compromise supply. At the moment, only around 3 percent of the population in sub-Saharan Africa has been fully vaccinated, in sharp contrast to most advanced economies that are close to the 60 percent or more level of vaccination,”
5. Wide shot, Abebe Aemro Selassie and journalist
6. SOUNDBITE (English) Abebe Aemro Selassie, Head of IMF’s African Department
“Policymakers in sub-Saharan Africa need to navigate an increasingly difficult and complex policy environment. Against the backdrop of a context of weaker than expected growth, policymakers need to navigate among three formidable pressures, pressing spending needs to address the many social and human capital and infrastructure needs they face, limited borrowing capacity given the already high public debt levels in most cases, and the time consuming and politically difficult nature of mobilizing tax revenues. How deftly countries navigate this trilemma, as we've been calling it, will have a huge bearing on macroeconomic wellbeing of countries as well as economic growth prospects,””
RECENT - WASHINGTON DC

11. Wide shot, IMF building exterior
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