Fed taper could hit African sovereign credits hard, World Bank warns

Cape Town, South Africa

Weak global commodity prices could leave some emerging and frontier markets – particularly in sub-Saharan Africa – exposed if and when the Federal Reserve starts raising interest rates, the World Bank warned on June 10, on the same day as 26 African states agreed to set up a new free trade area stretching from Cairo to Cape Town.

"With an expected liftoff in US interest rates, borrowing will become more expensive for emerging and developing economies over the coming months", said the World Bank

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: