“South Africa’s rainbow effect from 1994 has surely been squandered. We have not done enough for nearly three decades to create an environment that encourages businesses,” says Steven Koch, a senior economics professor at the University of Pretoria in the capital and a former director of the African Finance & Economics Association.
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exit interview
‘The development challenge is getting harder, not easier’, David Malpass, World Bank president In an exclusive interview on a trip to West Africa, the outgoing president of the World Bank, David Malpass, sets out his vision of development. Malpass’s tenure ends a year ahead of schedule, after comments sceptical of climate change triggered an outpouring of anger.burden of debt
World Bank, IMF…Reforms are urgently needed now In the face of a changing and evolving world, crisis after crisis, international lenders must rethink their model. This imperative sets the stage for the World Bank and IMF Spring Meetings 2023, taking place from April 10 to 16 in Washington.Blame Game
Zambia: Debt restructuring delay raises risks of inflationary feedback loop Delays in resolving Zambia’s debt restructuring increase the risks of higher inflation triggered by further kwacha depreciation, Sylvia Mwamba, head of the public finance unit at the Zambia Institute of Policy Analysis and Research, tells The Africa Report.borrowing costs
Kenya: Increasing reliance on domestic debt may not be enough President William Ruto’s administration will be looking more into the domestic capital market to cover Kenya’s KSh695bn ($5.532bn) budget gap in the 2022/23 financial year, a step that will alleviate financial pressures, but won’t negate the need for international market borrowing.