African debt relief requests drop, but revenue gaps remain: IMF
Tanzania, Feb. 15 -- Nairobi. IMF tracking shows that no African state has sought comprehensive debt relief in over a year indicating a trend of growing fiscal hygiene across the region.
Countries in Africa are showing signs of improving fiscal management, as they navigate through a cascading set of global shocks that exacerbated their debt vulnerabilities.
Also read: Is debt restructuring the magic wand for Africa's problems?
Remarkably, no state has sought comprehensive debt relief since Ghana's request over a year ago, signalling a trend of growing fiscal discipline across the region.
The improvement bucks the trend of recent years, given that several economies like Ethiopia, Mozambique, and Chad, sought debt restructuring or relie...
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