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How Africa Can Escape the Debt Trap
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How Africa Can Escape the Debt Trap
DAKAR—The narrative that Africa faces a persistent debt crisis has become entrenched. In fact, despite representing nearly one-fifth of the world’s population, the continent accounts for less than 3% of global sovereign debt. By contrast, the European Union and the United States account for a much larger share (nearly 16% and more than 34%, respectively). Moreover, Africa’s average debt-to-GDP ratio, […] The post How Africa Can Escape the Debt T…
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