Public debt on the rise - The Nation Online: Malawi is one of the six countries in sub-Saharan Africa whose debt to GDP ratio has more than doubled in the past nine years, according to a World Bank report.
Debt to GDP ratio is the ratio between a country’s government debt to its nominal gross domestic product (GDP), currently at $6.3 billion (about K4.6 trillion) for Malawi.
The World Bank preliminary report titled Debt, Growth and Stability in Africa: Speculative Calculations and Policy has attributed the rising public debt, particularly external debt, to a 50 percent depreciation of the kwacha between 2012 and 2016.
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