Global debt archtecture – Ethiopian Monitor

US’s massive interest-rate hikes since March 2022 have dealt a double whammy to African countries, whose loans are mostly denominated in dollars. [Photo Esther Ruth Mbabazi/IMF]

Opinion

Op-Ed: Reforming the Global Debt Architecture

July 5, 2023July 9, 2023

The sovereign-debt crisis is hitting Africa particularly hard and could lead to a lost decade of development. While the G20 has tried