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
Syrian rebels sweep into Aleppo in an embarrassing rout for Bashar al-Assad
The Syrian dictator will not be able to count on help from Russia and Iran, his closest allies
America under Joe Biden plays the pragmatist in Africa
Donald Trump is likely to follow suit
New cures for Africa’s most gruesome diseases
Sleeping sickness, riverblindness and more could be tackled
Nigeria seeks to restore pride in its artefacts, ancient and modern
A new museum in Benin City will showcase “a cauldron of creativity”
The Lebanese-American businessman in Donald Trump’s inner circle
Can Massad Boulos influence the incoming administration in the region?
Israel and Hizbullah strike a fragile deal to end their war
Joe Biden makes a last push to bring peace to the Middle East