The International Monetary Fund (IMF) has expressed concerns over the increased Inflation rate at double-digits in the Middle East and Sub-Saharan Africa.

Speaking at a Press Briefing on the updates of the World Economic Outlook in Washington DC, the IMFs Director Research Dept, Pierre-Olivier Gourinchas said despite steady growth rate at 3.6percent for year 2024 and growth projections of about 4.2percent in 2025, there are concerns on the impact of Conflicts, flooding and Insecurity challenges on the economies.

He added that advanced economies like the US are making steady progress in quelling inflation.

Our Correspondent, Raliat Adenekan reports that Jean Natal, Division Chief, Research Dept, IMF furthermore says though inflation stabilizing in some African countries,  however sub-saharan Africa especially Nigeria is experiencing heightening Inflation rate at 32percent and high debt burden, alluding to the fact that tightening monetary policy is key.