African countries are charged 'extortionate' rates on debt, U.N. chief says
Public debt ratios in sub-Saharan Africa are at their highest in more than two decades, the International Monetary Fund said last year.
Others, which have not sought to restructure their debt, like Kenya, have seen their debt sustainability indicators"African countries cannot... climb the development ladder with one hand tied behind their backs," Guterres said."Nearly all of us want to put our economies back on a growth trajectory but this will not happen without sufficient restructuring to make our external debt sustainable," he said.
Armed conflict from the Sahel to the Horn of Africa and the impacts of droughts and floods have driven ever more Africans from their homes. Somalia is on the verge of famine after five failed rainy seasons, with hundreds of thousands of people suffering catastrophic food shortages.
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