Sub-Sahara African debt rising faster than anywhere

Government debt burdens across Sub-Saharan Africa are rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening the risk of further rating downgrades and defaults, rating agency Fitch warned on Tuesday.

Emerging markets have been battered by the fallout from the coronavirus pandemic, with a coinciding oil price rout adding to the pain for smaller and often riskier developing countries, many focused on crude exports and having a few fiscal or monetary buffers.

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