Trending
- Kenya, Tanzania braces for torrential floods as Cyclone Hidaya approaches
- EAC monetary affairs committee to discuss single currency progress in Juba talks
- Transport and food prices drive down Kenya’s inflation to 5% in April
- Payment for ransomware attacks increase by 500 per cent in one year
- History beckons as push for Kenya’s President Ruto to address US Congress gathers pace
- IMF’s Sub-Saharan Africa economic forecast shows 1.2 percent GDP growth
- The US Congress proposes extending Agoa to 2041, covering all African countries
- Millions at risk of famine as fuel tax row halts UN aid operations in South Sudan
Browsing: Mozambique’s long-term external debt
- A Boston University report published on Thursday ,indicates that a Debt reductions of US$500 billions must be written off to assist developing countries that are most at risk of default get back on a better financial footing
- Developing nations’ sovereign debt rose by 178% due to the global financial crisis, reaching US$3.9 trillion by 2021
- Fitch Ratings reported a substantial amount of sovereign debt defaults this year, whereas the International Monetary Fund reported that 25% of developing nations and sixty per cent of developing nations are in or approaching debt distress
Countries in Sub-Saharan Africa (SSA) are dealing with two issues that are reducing productivity and undoing decades of economic progress: increasing levels of debt and an uptick in the frequency and intensity of climate shocks.
Countries now have declining public finances, low resilience to climate shocks, and constrained ability to fund adaptation due to the cumulative nature of these …
