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    market news

    IMF Says Africa is Unprepared for Further Economic Shock

    Investing News Network
    Dec. 21, 2011 02:47PM PST
    Energy Investing

    Globe and Mail reported IMF Chief, Christine Lagarde said many countries in sub-Saharan African are less prepared to deal with an economic shock now.

    Globe and Mail reported IMF Chief, Christine Lagarde said many countries in sub-Saharan African are less prepared to deal with an economic shock now.

    As quoted in the market news:

    Ms. Lagarde said Niger, a top uranium supplier to former colonial master France and which began pumping oil earlier this year, could use its resource revenues to “promote more broad-based and inclusive growth” but needed to avoid pitfalls suffered by many other countries.

    Click here to read the full Globe and Mail report.

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