Economics
World Bank Warns Africa Bond Bonanza Risks Hurting Nations
- Lender ‘very concerned’ over pace of issuances: CEO Georgieva
- High-yielding borrowers taking advantage of dovish rates turn
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The World Bank warned that high demand for African Eurobonds will place countries at a higher risk of debt distress once an increase in U.S. rates prompts investors to turn their backs on emerging-market assets.