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Africa Public Debt

Well known as national debt and sovereign debt, contrasts to the annual government budget deficit. The Africa continent has very huge debts which has made it to fail to recreate itself fully. The policy of lending out money should has some consideration on how they can balance between development, growth and service the loans and it is well known that Africa is still struggling to develop and from that it has also been hit hard by the corona virus pandemic which started this year. If the lenders really love to see Africa developing why don’t they give a waiver on servicing the loans?

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