Africa faces a mounting debt crisis
Rising rates are hurting some of its brightest economic stars
A year ago Ghana’s finance minister, Ken Ofori-Atta, eschewed talk that his country would need a bail-out from the IMF. Ghana had at that point been in and out of 16 IMF programmes since attaining independence in 1957. “We have forgotten how difficult and tenacious that master from Washington was,” he said.
This article appeared in the Middle East & Africa section of the print edition under the headline “Seeing red again”
From the May 20th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
The arrest warrant is a diplomatic disaster for Netanyahu
But may also undermine the International Criminal Court
Israel’s hardliners reckon Gaza’s chaos shows they must control it
Only 11 out of a recent convoy of 109 aid trucks managed to get in
Why GM crops aren’t feeding Africa
Despite decades of research, few countries grow them there
A genocidal militia’s quest for legitimacy
A warring party in Sudan claims it wants to talk peace
Get ready for “Maximum Pressure 2.0” on Iran
The Trump White House may bomb and penalise the regime into a deal
Iraq could be the Middle East’s next battleground
Until recently violence was at its lowest since the American invasion