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According to the International Monetary Fund (IMF), the curr

According to the International Monetary Fund (IMF), the current global financial crisis will have a significant impact on Sub-Saharan Africa this year. Although the region is positioned to record positive rates of growth of 3.3 percent, compared to negative output in the advanced economies, this represents a sharp slowdown from recent years. Countries in the region will have to deal with slower global growth, large falls in commodity prices, and reduced financial inflows and that the international community must maintain its assistance to Africa to live up to the Gleneagles commitments. Addressing both the immediate crisis and the long-term challenges that will remain after the global economic and financial storm abates are the main objectives of a high-level conference that the IMF and the government of Tanzania will co-host in Dar es Salaam on March 10-11.

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