NEW YORK (MarketWatch) -- The global economic downturn, lower commodity prices and tighter credit markets are seriously threatening Africa's economies, the International Monetary Fund said in a new report on Monday. The IMF is projecting that growth in sub-Saharan Africa will slow to about 3.25% in 2009 from just over 5% last year -- that is over 3% less than forecast a year ago. "The gains of the past decade, during which many countries in sub-Saharan Africa saw sustained high rates of economic growth and rising income levels, are at risk," said Antoinette M. Sayeh, the IMF's African department director, in a statement. "While African policymakers are rising to meet this unexpected challenge, donors must also play their part. They must maintain their commitments and scale up, not scale back their support."
When I read information like this, I can't help but think, once again: "what are we measuring and to whom's scale?". If the IMF says Africa will suffer from the crisis, what are the components of the tools used to measure the continent's development?