IMF Says Up to Eight African Nations Need Debt Help
- Ghana and Zambia have both sought IMF emergency bailouts
- Investors keeping watch on Kenya, Angola, Malawi, Mozambique
Abebe Selassie in Marrakesh, on Oct. 12.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Africa needs international relief from a vicious funding squeeze that has left as many as eight of its countries requiring debt restructuring, an International Monetary Fund official said.
“In sub-Saharan Africa, the picture is really quite varied,” IMF Director of the African Department Abebe Selassie said Thursday in an interview on Bloomberg Television with Jennifer Zabasajja in Marrakech, Morocco during the annual meetings of the lender and the World Bank.