Andrew Motshidisi on Africa’s debt and what it means for reserve managers

Andrew Motshidisi, former deputy governor at Bank of Botswana

Against a backdrop of growing trade disputes, and policy normalisation in some Western economies, what are the main challenges facing African reserve managers?

In relation to the trade disputes, I don’t think most African countries will be affected due to the fact that they are not directly targeted. However, the second-round effects could be devastating, especially if global output is reduced by virtue of the tariffs increased by various countries. In that instance, what could likely happen is

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