Debt Dangers in Africa - How Defaults Hurt People, and Why Forgiveness Isn't the Answer TC_Africa: Africa
Which other African countries are on the watchlist: what stress signs should we be alive to?
Also included are the level and size of the governments primary balance , the interest cost on its debt, and the rate at which that cost changes. The debt ratios in Eritrea, Sudan, Cabo Verde, Republic of Congo, Sierra Leone, and Zimbabwe are all higher than Zambia's at the time of its default . However, unlike Zambia and Ghana, their debt ratios did not increase as fast as either Zambia or Ghana .
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