African governors discuss concerns over rising debt
Central bankers stress need for African cooperation in face of weakening global economy
The governors of a number of African central banks debated the serious challenge that Africa’s rising debt could pose to financial stability at an annual congress last week, with most believing that rising borrowing will foster growth on the continent.
The topic of debt sustainability in Africa was a key discussion point at the Association of African Central Banks’ 42nd ordinary meeting in Rwanda.
The host country’s prime minister Édouard Ngirente – who gave the opening address at the
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