By Joshua Worlasi AMLANU
African central bank governors have urged the International Monetary Fund to overhaul its debt sustainability framework, saying the current model fails to reflect the continent’s unique economic vulnerabilities.
The call came during the African Consultative Group Meeting held in Washington on Tuesday, April 22, where the Bank of Ghana Governor, Dr. Johnson Pandit Asiama, delivered a message on behalf of African representatives.
Speaking on the theme ‘Debt Vulnerabilities in Developing Countries—A Key Challenge for Achieving the Sustainable Development Goals (SDGs)’, Dr. Asiama warned that about half of sub-Saharan African nations were either in debt distress or at…
