BANK of Zambia Governor Dr Denny Kalyalya says Africa has for the past four years faced several shocks, including COVID-19 and adverse climate and commodity price shocks which have affected economies. And Finance Minister Dr Situmbeko Musokotwane says African countries need to grow their economies in order to lessen the impact of external shocks. Meanwhile, International Monetary Fund Director of the African Department Abebe Selassie says the continent needs to take concrete steps to mitigate the effects that the exchange rate depreciation can have on vulnerable households. Speaking during the 45th Association of African Central Banks (AACB) symposium in Livingstone, Thursday, Dr Kalyalya noted that the continent faced the challenge of over-reliance on commodity exports which had over the years...

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