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IMF outlines 5 policy actions to fight Africa debt distress

The International Monetary Fund have reported that Sub Sahara Africa's ratio of interest payments to revenue, a key metric to assess debt servicing capacity and predict the risk of a fiscal crisis, has more than doubled since the early 2010s and is now close to four times the ratio in advanced economies. The IMF has issues a paper outlining 5 recommendations to prevent a looming debt crisis. Luc Eyraud, Chief, Regional Studies division, International Monetary Fund joins CNBC Africa for more.
Tue, 26 Sep 2023 15:42:35 GMT

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