Tag Archives: Economy africa

$69 Billion in Debt’s Grip: Africa Returns to the IMF’s Embrace as a Last Resort

  Sahar Ragab Amid mounting debt burdens exceeding $650 billion and a scarcity of low-cost financing alternatives, African nations are increasingly turning back to the International Monetary Fund (IMF) as a primary lifeline. Since the onset of the COVID-19 pandemic in 2020, the Washington-based lender has disbursed nearly $69 billion …

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