External financing, high debt levels force painful fiscal adjustments – Bartholomew Armah
Channel: PolitySA
Date: 01/04/2021

Economic Commission for Africa Macroeconomics and Governance Division director Professor Bartholomew Armah on Wednesday warned that external financing and high debt levels pose major risks to Africa, adding that a debit crisis would not only cause further deterioration of current economic conditions, but can also force painful fiscal adjustments, worsening development prospects even further.