Africa can survive global crisis - IMF

"Demand for African commodities has declined as the global economy has slowed, reducing export revenues and straining African balance of payments.
"They can weather a certain amount of the storm," Mark Plant, deputy director for African development at the IMF, told Reuters in an interview late on Friday.
"They should use reserves to continue spending in key areas to make sure the demand in the economy from the government is a bit higher and it essentially props up the economy during the short term fluctuation," he said.
The IMF has projected growth in sub-Saharan Africa will slow to 3.3 percent this year, half of the 6.3 percent it forecast in October."

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