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Vol 59 No 10

Published 18th May 2018


Sounding the alarms on debt

Governments see hopeful growth prospects at risk as lenders impose new strictures and borrowing costs rise

Threats of a rapid and unsustainable build-up of debt could disrupt the prospects for growth in many African economies,* according to the International Monetary Fund and World Bank. Most serious for now, according to officials in the multilateral organisations, is the pace of increase in indebtedness rather than the average debt burden across the continent.

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