debt - The Deeping

African countries are struggling with high debt, demands to spend more and collapsing currencies: the policy fixes that could help

Feb 6, 2024

Jonathan Munemo, Salisbury University Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies. Government debt has risen in at least 40 African countries over the past decade. As a result, some are experiencing a bad combination of high debt, elevated

Tinubu inherits Nigeria’s high debt – an economist analyses what this means for the country’s future

May 29, 2023

Bola Ahmed Tinubu speaking at a Chatham House event, London, in December 2022. Asiwaju Bola Ahmed Tinubu Facebook page Stephen Onyeiwu, Allegheny College As the 16th president of Nigeria, Bola Ahmed Tinubu inherits an economy that is grappling with inflation, chronic unemployment, extreme poverty, crumbling infrastructure and insecurity. Nigeria’s debt profile stands out

Inflation rates are currently rising, reflecting the increasing cost of goods and services.

Inflation: why it’s happening and why interest rates are going up to combat it

Aug 17, 2022

Inflation rates are currently rising, reflecting the increasing cost of goods and services. PERO Studio / Shutterstock Supriya Kapoor, Trinity College Dublin Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that

Sri Lanka’s crisis: Can the South Asian economy break from the past and find a route to stability?

Jul 26, 2022

The writing was on the wall in Sri Lanka. Arun Sankar/AFP via Getty Images Vidhura S Tennekoon, Indiana University Sri Lanka has a new president and prime minister – but a change in who leads the crisis-hit South Asian nation alone will not solve the country’s severe economic problems. Ranil Wickremesinghe – who