OPINION: Africa’s Mounting Debt Crisis And The Need For Reform In The Global Financial Architecture

August 09, (THEWILL) – Africa’s debt stocks have grown significantly in the past decade. Understandably, African governments took advantage of historically low interest rates in the 2010s and borrowed heavily from international capital markets and China. However, debt has recently become a lot more expensive. Since 2020, the impacts of COVID-19 and the ongoing Ukraine [...]The post OPINION: Africa’s Mounting Debt Crisis And The Need For Reform In The Global Financial Architecture appeared first on THEWILL NEWS MEDIA.

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