Africa’s public debt levels are worrying, central banks warn
To pay for infrastructure and public servants’ wages, African governments have tapped debt markets like never before to take advantage of investors’ appetite for high yields
06 February 2020 - 16:04
Huelva— Central bankers in Africa are joining a chorus of voices, which includes the International Monetary Fund (IMF), who are worried about surging public debt levels on the continent.
Nigerian central bank governor Godwin Emefiele warned in January that rapidly rising debt and a lack of fiscal buffers could threaten economic growth. That same week Kenyan central bank governor Patrick Njoroge said in an interview that his country was running out of room to increase its credit load...
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