African oil exporters at risk of losing revenue to clean energy, says IMF
Fund expects revenues in the region to fall by as much as a quarter by 2030 and by half in 2050
29 December 2022 - 03:29
The International Monetary Fund (IMF) says oil-exporting African countries could lose revenue to clean energy, a progression that may affect economic and fiscal stability, as well as those countries' currency valuations.
To remedy this, the Washington-based institution said oil-exporting countries in Africa should save earnings from the boom in crude oil price as transition to low-carbon energy sources could drag turnover down...
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