Sub-Saharan Africa increasingly exposed to debt risks
Public sector borrowing and tighter financial conditions a challenge for regional reserve managers
Higher public debt levels in Sub-Saharan Africa are becoming an increasing source of vulnerability for economies in the region and could force some reserve managers to bridge the gap in government accounts.
The International Monetary Fund estimates the median debt level of emerging economies has risen to 47% of GDP in 2018, from 33% in 2013. The fund warns 40% of low-income countries already face significant debt challenges.
Furthermore, since 2013, emerging economies have issued $2.6 trillion
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