West Africa’s management of debt levels supported by region’s growth rates
Warnings to Africa’s governments of the exchange-rate risk of taking on too much indebtedness have grown in volume in recent months. In a written response to Reuters, Tiemeko Meyliet Kobe, the Governor of West Africa’s BCEAO central bank expressed the view that high growth rates in the countries of the Economic and Monetary Union of West Africa should ensure their debt profiles will remain sustainable.
Read more at Reuters…
Leave a comment