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IMF: Central African Economy Vulnerable to Sharp Decline

The International Monetary Fund (IMF) said the economy of central African states is vulnerable to a sharp decline due to decreasing oil prices, terrorism and armed conflicts. It also said the region's progress on reducing poverty will be slow and hindered by high inequality. Mario de Zamaroczy, head of the African Division at the IMF, said the rate of economic growth in Central African countries has stagnated at barely five percent due to the crisis in the Central African Republic and...

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