Multilateral institutions could assist African economies by providing balance of payments support as well as structural adjustment loans for countries dependent on primary commodity exports, said Emmanuel Tumusiime-Mutebile, the governor of the Bank of Uganda.

Tumusiime-Mutebile also said that the long-term challenge of economic diversification to reduce dependence on primary commodities remained key for improving Africa's resilience to external shocks. He also said that fiscal room was needed