Money & Markets
Africa needs to be wary of the unintended consequences with a moratorium on its debtAfrica is home to 41 of the International Monetary Fund’s 59 Low income countries. These are more structurally vulnerable to external shocks such as Covid-19. The pandemic is affecting economies as governments implement increasingly aggressive lockdown procedures to stem the rate of the spread of the virus. It is also straining the continent’s generally weak national health systems.
Updated July 21, 20225 min read