Commodity price shocks in times of crisis: securing growth in sub-Saharan African economies

Sub-Saharan Africa faces the lowest growth forecast registered by the region since 1994. The recent commodity price plunge has investors worrying over prospects of the region’s major economies. Depressed export earnings constrain an already limited capacity to buffer shocks. The region needs to deepen its credit markets, particularly in its low-income countries, to improve governments’ resource mobilisation capacities.