African countries face triple warning on sovereign debt

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By Phil Thornton
01 Aug 2019

The quality of debt management in Africa needs to be strengthened, the World Bank has warned, while the International Monetary Fund suggested that countries stop encouraging banks to hold government securities.

In its annual assessment of the continent’s policies and institutions, the multilateral lender said that five of the 38 poorest countries that are eligible for World Bank assistance saw a fall in their score for debt policy and management.

The report came as the IMF said Africa had ...

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