Economics
East Africa Seeks $16 Billion of Debt to Spur Economies
- States see strong recovery after pandemic hit revenues
- Kenya, Uganda and Tanzania budgets to be presented on June 10
The countries are betting on a strong economic recovery for a rebound in revenues that will help narrow fiscal deficits.
Photographer: Fredrik Lerneryd/BloombergThis article is for subscribers only.
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East Africa’s largest economies plan to borrow at least $16 billion to fund an economic revival, while striving to ease their debt burdens after the coronavirus pandemic battered governments’ revenue.