African nations are drowning in debt. A halt of US help to many international locations on the continent may worsen the disaster.
Africa is a continent wealthy in pure assets with a younger inhabitants. African nations in concept have the potential to remodel their economies. However lots of them are going through mountains of debt.
Africa’s exterior debt climbed to greater than $650bn final yr.
Greater than half of African international locations are both in debt misery or teetering on the sting. However credit score restructuring is painstakingly sluggish, and lots of governments find yourself spending extra on servicing their debt than on healthcare or training.
The debt drawback has plunged many countries into financial disaster with rising unemployment and poverty.
