12 African Countries With The Highest Debt Levels
African governments have relied heavily on international funding in recent years to undertake development in their countries. This has led to high debt levels by several countries on the continent, to both bilateral and multilateral creditors.
The World Bank and International Monetary Fund (IMF) launched a programme in 1996 to provide debt relief to the most indebted nations in the world. In its 20 years of existence, the programme has helped 36 of the world’s most indebted countries, with 30 being African nations.
Here are some of Africa’s most indebted nations;
Sources; Africa Ranking, Daily Nation, Daily Monitor, Zimbabwe Independent, TesfaNews, FREEDOM NEWSPAPER, Statista.com, Sunday Times, International Business Times UK, JOY Online,Kinnaka’s Blog, ENCA, Chatham House, CameroonWeb, Nigeria News