IMF Says Africa is Unprepared for Further Economic Shock

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.