Between 2019 and 2022, 25 African governments allocated more resources to servicing their total debts than to the health of their citizens, writes Danny Bradlow, a Senior Research Fellow at the Centre for the Advancement of Scholarship in Pretoria.
Between 2019 and 2022, 25 African governments allocated more resources to servicing their total debts than to the health of their citizens,, a Senior Research Fellow at the Centre for the Advancement of Scholarship in Pretoria. The International Monetary Fund, he said, has estimated that over half the low income countries on the continent were either"potentially or actually experiencing difficulties paying their debts".
It hasn't been easy for African states to finance their developmental and environmental policy objectives over the past few years. An International Monetary Fund staff team, led by Stéphane Roudet, mission chief for Ghana, held meetings in Accra from September 25 to October 6, 2023, to discuss ...Kenya's National Treasury is warning of a looming debt crisis as a result of global shocks and a slowdown in economic growth. The government borrowed over U.S.
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