Bondholders must cancel part of African sovereign debt – Financial Times

Bondholders must cancel part of African sovereign debt – Financial Times

Africa appears particularly vulnerable as the coronavirus crisis continues to hit the global economy. The IMF predicts that sub-Saharan economies will shrink by 3.2 percent this year – the continent’s first contraction in three decades – and that government budget deficits will reach 7.6 percent of gross domestic product, also a record. At the same […]

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