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Struggling Greece will keep on repaying its EU-IMF creditors for as long as it can, with some 300 million euros due next week and no deal in talks over the country's remaining bailout funds, a spokesman said Monday. "To the extent that we are able to pay, we will keep on repaying these obligations," government spokesman Gabriel Sakellaridis told reporters. Sakellaridis's remarks came a day after a cabinet minister said Greece had "no money" to make a series of repayments to the International Monetary Fund from June 5.
African economies will grow 4.5 percent this year and 5 percent in 2016 due to rising demand for exports, the highest levels since the global economic crisis took hold in 2007, the African Development Bank (AfDB) said. Financial inflows will increase nearly 7 percent to $193 billion, supported by higher foreign direct investment and a spike in portfolio investments, the bank said in its annual African Economic Outlook report. The AfDB estimates African economies to have grown by 3.9 percent in 2014.