Oil crash a ‘formidable shock’ to African exporters – IMF

04 February 2016, Washington — The International Monetary Fund said Wednesday the plunge in oil prices will force significant fiscal adjustments on Africa’s oil exporters. The IMF said the 70 per cent fall in crude prices over the past 18 months has been a “formidable shock” to sub-Saharan African oil exporters like Nigeria and Angola, […] More »