18min chapter

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Debtors’ prism: mounting crises of Africa’s loans

Economist Podcasts

CHAPTER

Debt Challenges in Africa

This chapter examines Ghana's recent $3 billion IMF loan approval and the pressing need for debt restructuring in Africa. It sheds light on the broader debt issues faced by many nations on the continent, emphasizing the historical trends in public borrowing and their economic implications. The narrative reveals the significant funding struggles, particularly for 'Frontier Africa' nations, amidst a backdrop of rising debt and external pressures.

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