Development bank slams World Bank claim that it worsens Africa’s debt problems
16 February 2020 - 18:09
The African Development Bank (AfDB) has rubbished suggestions by World Bank president David Malpass that it and other development banks have a tendency to lend too quickly and in the process add to the continent’s debt crisis.
Public and publicly guaranteed debt levels are high and rising in most African economies, with the median ratio of government debt to GDP climbing more than 56% in 2018, up from 38% 10 years earlier, according to a recent report by the AfDB...
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