Wednesday, March 26, 2014

African Development Bank says Africa Rising Narrative Still On Course but Economic Discipline Needed

Sub-Saharan Africa's economy will grow more than 6 percent this year, the African Development Bank said on Tuesday, but its president urged governments to build resilience to capital outflows and commodity price shocks. In an interview with Reuters, Donald Kaberuka rejected as "premature" suggestions the 'Africa Rising' narrative might have lost momentum as a slowing China economy depresses prices for commodities such as copper, and the run-down of the U.S. Federal Reserve's

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