Is Africa's Debt Reaching Breaking Point?

African Currents
27/12/2024 59 min Temporada 1 Episodio 52
Is Africa's Debt Reaching Breaking Point?

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Episode Synopsis

Africa's debt servicing costs have skyrocketed by 500%, with private creditors now holding nearly 50% of the continent's debt. In 2024, Africa's debt reached about $74 billion, threatening long-term stability. The African Development Bank proposes reforms, but finding sustainable solutions remains a pressing issue.

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