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African Countries With The Lowest Debts

Most of the countries in Africa which is actually about 80% depend on debts in order to fully fund their budgets, the debts can be from external sources such as the World Bank and the IMF or internal sources such as local banks.

Here are the countries in Africa with the lowest debt percentage to GDP according with Africa Full Facts Group;

1. Republic of Congo 15%.

2. Burundi 15%.

3. Eswatini 15%.

4. Botswana 18%.

5. Burkina Faso 25%.

6. Comoros 26%.

7. Togo 26%.

8. Ivory Coast 30%.

9. Nigeria 34%.

10. Guinea Bissau 36%.

11. Tanzania 37%.

12. Niger 39%.

13. Guinea Conakry 40%.

14 Djibouti 42%.

15. Chad 43%.

16. Cameroon 43%.

17. Madagascar 43%.

18. Central Republic of Africa 44%.

19. Benin 46%.

20. Senegal 47%.

All of this countries have a debt percentage to GDP below 50% which according with the World Bank it is a safe zone as long as the economy remains steady.

Content created and supplied by: Kevin.d (via Opera News )

Africa Burkina Faso Comoros Nigeria Tanzania

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