Africa: External Debt Complicates Africa’s Post-Covid-19 Recovery, but Mitigating Efforts Underway

August 2, 2020 | News Source: AllAfrica News: Economy, Business and Finance
[Africa Renewal] The country's debt-to-GDP ratio, which was 100% in 2018 ballooned to 130% in 2020. With debt overtaking total economic output, Mozambique has little fiscal space to provide a robust response and recovery from the pandemic.

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