On Monday, May 8, 2023, the International Monetary Fund (IMF) officially presented its April 2023 report on the economic outlook for sub-Saharan Africa in Abidjan.

Adama Coulibaly, the Ivorian Minister of Economy and Finance, highlights a “major shortage of funding” in the region during the presentation of the IMF report. Luc Eyraud, head of the IMF's Africa Regional Studies Division, who presented this report explains that “several simultaneous factors are behind the funding shortage faced by many sub-Saharan African countries, including rising global interest rates, rising sovereign bond spreads, and the depreciation of the region's currencies against the dollar

In the same report, the IMF announces “the slowdown in global activity, rising interest rates, and soaring global inflation have put many countries on a tightrope. Four priorities should enable decision-makers to remedy macroeconomic imbalances in a context of economic constraints