Prince William and wife Catherine visited children at a playground and received warm praise from Australia's monarchist prime minister in the capital Canberra on Thursday, the penultimate day of their royal tour. Tony Abbott, born in England and an ardent admirer of the Windsors, held a packed reception in parliament's Great Hall on what he said was the 50th British royal visit to the continent and would be "remembered as one of the very best." The Duke and Duchess of Cambridge leave Australia on Friday after a nearly three-week tour which began in New Zealand.
Investment in infrastructure and natural resources will continue to underpin economic activity in sub-Saharan Africa, although capital outflows sparked by tighter global financial conditions pose a risk to growth, the IMF said on Thursday. "The main downside risk to this generally positive baseline scenario is the risk that growth in emerging markets might slow much more abruptly than currently envisaged," the International Monetary Fund said in its latest Regional Economic Outlook. "As advanced economies tighten their monetary policies, frontier market economies will also face higher funding costs and a heightened risk of reversal of capital flows," it said. The IMF forecasts economic growth of 5.5 percent for sub-Saharan Africa this year, up from 4.9 percent last year.