Debt costs high, but IMF bullish about growth in Sub-Saharan Africa
The agency has highlighted the region’s improved economic prospects and market access
22 April 2024 - 05:00
The IMF has welcomed the return to international markets of three countries in Sub-Saharan Africa after a two-year hiatus, even though the cost of financing was “on the high side”.
While the countries of the region have historically faced higher borrowing costs than peers in other regions, raising questions about whether investors charge an “African premium”, the fund’s research has found this premium to be quite modest...
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