Tag: Debt Crisis
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Debt Crisis Deepens Across Africa as Nations Struggle with High Borrowing Costs
Speaking at the ongoing 2024 African Economic Conference (AEC), Hanan Morsy, the deputy executive secretary and chief economist at the United Nations Economic Commission for Africa (UNECA), warned that the debt crisis afflicting the African continent has reached a critical juncture, with over 40% of African nations either in debt distress or at high risk…