African governors face multiple financial ‘floods’

Kenyan governor says a “doubling, tripling” of access to IMF resources is needed

Patrick Njoroge
Patrick Njoroge

Various post-Covid shocks have damaged African economies, including inflation, war and market dysfunction, Central Bank of Kenya governor Patrick Njoroge said in a speech that called for more support from multilateral agencies.

Njoroge said huge yield and bond price swings have been difficult for emerging markets. He was one of several African leaders to flag the risks at the annual meeting of the International Monetary Fund (IMF) and the World Bank last week.

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