African Development Bank Says Continent Far From Debt Crisis

  • Debt levels, while growing, remain relatively low, lender says
  • African economies will expand beyond 4.5% forecast for 2017

Africa is a long way from facing a debt crisis even as commercial lending to the continent soars and Mozambique became the first regional country to miss a payment on a dollar loan this year, according to a senior official at the African Development Bank.

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