The average debt ratio in sub-Saharan Africa has almost doubled in just ten years, from 30% of GDP at the end of 2013 to just under 60% of GDP at the end of 2022. This indicates the IMF. He adds that the cost of repaying this debt has also increased. And by 2022, more than half of low-income countries in sub-Saharan Africa were at high risk of debt distress or were in debt distress, according to IMF assessments.
Source: Africa News Agency