IMF director says Iran war fallout creating 'difficult moment' for Africa

AI Summary

The IMF Africa director warned that the economic fallout from the Iran war is creating a challenging moment for Africa, with recovery dependent on the Gulf energy supply ramping up over coming months. The region faces ongoing instability despite a ceasefire.

The International Monetary Fund's Africa director on Monday warned that the economic fallout of the Iran war was creating a "difficult moment" for the region, and that it would take months for Gulf energy production to ramp back up. "We are now in a difficult moment for the region, in particular after the war in the Middle East," Zeine Zeidane told reporters at the IMF's headquarters in Washington. "Even though there is a ceasefire today, we know that the disruption will take time to be resolved," he said.