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Stefani Reynolds / AFP
Whereas one U.S. international coverage analyst after one other sounds the alarm on the threats posed by Chinese language debt in Africa and elsewhere, the fact is that finance policymakers throughout the continent are at the moment extra anxious about what’s going to occur in Washington, particularly on the Federal Reserve.
The Fed is extensively anticipated to lift rates of interest at its subsequent assembly in March in a bid to stem stubbornly excessive inflation within the U.S. If charges do go up, it may have a probably extreme affect on the continent’s already fragile stability sheets. Many African governments have been struggling to service their burgeoning money owed whereas on the identical time spending extra on home social service packages.
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