Home » Posts tagged with » Debt Profile

S.Africa’s Economic Growth Faces Risks From Public Debt, State Firm Bailouts – IMF

S.Africa’s Economic Growth Faces Risks From Public Debt, State Firm Bailouts – IMF

The International Monetary Fund on Monday kept South Africa’s economic growth forecast for 2018 unchanged at 1.5 percent but warned that the economy faced several headwinds, mainly the rapid rise in public debt and potential bailouts to state firms. “The IMF’s concerns on fiscal policy relates to the rapid increase in public debt as a […]

Uganda Joins Africa’s Big-Debt Club, Central Bank Warns On Default

Uganda Joins Africa’s Big-Debt Club, Central Bank Warns On Default

Uganda’s national debt has nearly trebled in the last three years to more than 50 percent of gross domestic product, creating a risk of default risk, since nearly two-thirds of that borrowing is external, the central bank said. In a report titled “State of the Economy” published late on Thursday, the Bank of Uganda said […]