OECD and South Africa to set up first African sovereign debt management centre

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The Organisation for Economic Co-operation and Development (OECD) and South Africa announced on Wednesday they will open a centre to help African governments manage their debt and bond markets in Midrand, South Africa.

OECD secretary-general Angel Gurría and South African finance minister Pravin Gordhan signed a memorandum of understanding at a ceremony during the OECD Ministerial Council Meeting which sealed the creation of the centre, which has been under discussion since 2008.

The centre will

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