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Most of the problems in Africa has to do with not having enough money. It's very hard to solve, but we could start by forgiving all debt and letting Africa dev
by xiphias2 4y ago
Most of the problems in Africa has to do with not having enough money.
It's very hard to solve, but we could start by forgiving all debt and letting Africa develop by itself.
,,Africa’s debt as a percentage of GDP has been rising quickly since 2014, and is 24.1% of African countries’ GDP (as of 2023 for countries with available data). Yet many individual countries have rates far higher.'
https://data.one.org/topics/african-debt https://data.one.org/topics/african-debt
- atom058 4y ago> Most of the problems in Africa has to do with not having enough money. > ,,Africa’s debt as a percentage of GDP has been rising quickly since 2014, and is 24.1% of African countries’ GDP (as of 2023 for countries with available data). 24.1% is quite low when it comes to national debt to GDP ratios. Actually quite surprised with that figure. But then again, the interest rates on those loans are probably quite high. Here is a list for context: https://en.wikipedia.org/wiki/List_of_countries_by_public_debt https://en.wikipedia.org/wiki/List_of_countries_by_public_de...