The problem of high external debt persists in a number of African countries. According to a 2022 report by the World Bank, more than half of all low-income countries, most of which are Africa, do not manage to pay their foreign debts. Ghana is...
Zambia defaulted on a $42.5 million payment on a Eurobond in November 2020, with the country's external debt-to-GDP ratio exceeding 100%. According to the African state's authorities, the total external debt amounted to $14.87 billion as of June...
Sri Lanka’s president has proposed to more than double the country’s tax revenue as the island nation struggles to come out from its worst economic crisis
