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Tag: debt burden

News

African debt levels have increased by 240% from 2008-2022

The climate crisis severely threatens economic growth in the Global South, especially in Africa, where 17 of the 20 most vulnerable countries are ...
By Baobab AfricaOctober 17, 20240
Business

China made 13 new loan commitments worth $4.61 billion to 10 African borrowers in 2023; 3 renewable energy loans

A new update to the Chinese Loans to Africa (CLA) Database, managed by the Boston University Global Development Policy Center, estimates that from 2000-2023, ...
By Baobab AfricaAugust 29, 20240
News

African Development Bank unveils initiative to tackle Africa’s debt challenges

The African Development Bank‘s African Development Institute on has launched the African Debt Managers Initiative Network (ADMIN), a new program to provide home-grown solutions ...
By Baobab AfricaJune 17, 20240
News

Zimbabwe commits to implementing key reforms to resolve debt burden, end 21 years of sanctions

Zimbabwe President Emmerson Mnangagwa has reassured development partners and creditors that his government is committed to the implementation of key reforms critical to ...
By Baobab AfricaMay 17, 20230

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