The UK government faces mounting financial strain as public sector borrowing continues to exceed expectations. Recent figures revealed a £10.7...
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Maroc - AFRICA.COM - A La Une - 24/Jan 04:49
Debt Servicing Costs Soar Amid Sub-Saharan Africa’s Financial Strain
Interest payments on long-term debt in sub-Saharan Africa surged nearly sevenfold between 2010 and 2023, reaching $26 billion, according to the World Bank. The sharp rise coincided with the region’s foreign borrowing doubling to $864 billion. Countries like Mozambique and Senegal were particularly affected by the debt pressure, which has left some nations allocating more… Read More »Debt Servicing Costs Soar Amid Sub-Saharan Africa’s Financial Strain
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