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IMF economists worried about rising debt in sub-Saharan Africa

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Economists are concerned about the level of debt in some sub-Saharan African countries. Some have debt-to-GDP ratios higher than 100-percent. The International Monetary Fund provides assistance in the form of low-cost loans to help governments meet their obligations. But in return, they must agree on a programme to stabilise their finances. Our Washington correspondent Daniel Ryntjes speaks to the Africa Director of the IMF -- Abebe Selassie -- for more details. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
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Text Comments (5)
Ron gee (3 months ago)
US debt to GDP ratio is at 105.40 % Italy debt to GDP ratio is at 132.0 % UK debt to GDP ratio is at 85.8% France debt to GDP ratio is at 96.5%...IMF should fix us & europe first and leave Africa alone !!!
Ron gee (3 months ago)
IMF caused the 1997 Asian financial crisis,so we tell US,EU, & UK leave africa alone we can do what we want !!! stick to your own countries no one made them king !!!
Blacks vs Everybody (3 months ago)
But those countries have large economies.
Chernoba Drammeh (3 months ago)
I don't trust IMF and their African sellout. They destroyed Gambia economy
Otsile Mojanaga (3 months ago)
Yeah they are slimy capitalist with their "Debt Restructuring" Programs. They complain Africa has no money, as such nothing should get built, then later complain Africa is under-developed and say more should be done.

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