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Monday, 22 August 2011

Africa will not suffer much from the crisis

Africa will not suffer much from the consequences of the financial crisis that shakes the United States and Europe, said Yolande Duhem, director of the International Finance Corporation (IFC) for West and Central Africa Tuesday in Dakar.

“With its growth rates and its strategic positioning in terms of diversification, Africa will suffer less from the financial crisis,” said Duhem during a conference about the IFC’s activities in Africa in 2011.

“For both the US and Europe, Africa is a very important continent and will suffer less than other regions,” she added.

“In Africa, growth has diminished but not very strongly. The reason is that there is more investment from emerging countries and regions. Investment in South Africa and North Africa has been the highest,” Duhem explained.

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