World Of Africa: Africa's spiralling debt crisis
Edited By WION Video Desk
Published: Jul 26, 2022, 20:05 IST | Updated: Jul 26, 2022, 20:05 IST
Traditional debt crises and crashing currencies point to a brewing economic downturn in many developing nations. Africa has been no different, it is witnessing an economic slowdown, and the prevalence of Covid pandemic has hindered the flow of necessary finances for ongoing infrastructure development projects. We look at the latest rise in loans from the international monetary fund, the pros, cons and the pitfalls of such loans.
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