Monday, March 19, 2018

African Countries at Risk of Debt Distress

There has been much public discussion of debt distress in Africa recently with the finger often pointed at China. For the record, the International Monetary Fund, identified as of 1 January 2018 the following African countries as currently in debt distress but did not assign any blame for the distress: Chad, South Sudan, Sudan, and Zimbabwe. The IMF identified the following countries as being at high risk of debt distress: Burundi, Cameroon, Cape Verde, Central African Republic, Djibouti, Gambia, Ghana, Mauritania, Sao Tome and Principe, and Zambia.

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