Kenya could run out of money to repay massive debts: how to avoid this

Kenya could run out of money to repay massive debts: how to avoid this

By Odongo Kodongo, University of the Witwatersrand Data from Kenya’s central bank show that public debt (total money owed) declined between December 2023 and June 2024. The drop in external debt – by 15.4 % – over this period does not mean that the country’s overall finances have improved. Rather, it is due to the gains in the value of the Kenyan shilling, thanks to pervasive state […]

September 17, 2024 15

Africa

Ethiopia’s bold economic reforms target stability and growth, but they come with risks

By Tsegay Tekleselassie, Wellesley College Ethiopia’s recent macroeconomic reforms, supported by the International Monetary Fund (IMF) and the World Bank, could have profound implications for the country and the region. The key reforms include the use of a floating exchange rate system and of interest rates as a policy tool. They were introduced just ahead of the approval of a financial package that could eventually amount to about […]

August 19, 2024 17