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IMF Warns Africa Aid Cuts Could Worsen Vulnerability

By Drooid · Oct 15, 2026, 5:23 PM UTC · How we work

Summary

IMF chief warns

IMF Africa chief Zeine Zeidane warned that falling aid leaves African economies vulnerable to future shocks.
IMF projects African GDP growth at 4.5% in 2026, rising to 5% in 2027.
Development assistance to Africa fell sharply last year and is forecast to decline another 12% in 2026.
West African governments are rewriting mining codes, restricting gold exports and building new refineries to capture more value.

Summary

Houthi rebels attack

IMF regional director Jihad Azour warned that fiscal buffers are finite amid ongoing Strait of Hormuz disruptions.
UK Maritime Trade Operations reported at least 12 tankers were attacked in the Strait of Hormuz during the past week.
Iran-backed Houthi rebels struck Saudi Aramco’s headquarters with no casualties.
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IMF chief warns

IMF Africa chief Zeine Zeidane warned that falling aid leaves African economies vulnerable to future shocks.
IMF projects African GDP growth at 4.5% in 2026, rising to 5% in 2027.
Development assistance to Africa fell sharply last year and is forecast to decline another 12% in 2026.
West African governments are rewriting mining codes, restricting gold exports and building new refineries to capture more value.

1 / 2