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Why does oil-rich Central Africa pay 13.7% to borrow?

Lively market scene showcasing fresh produce. Photo by El'bataky @ Pexels
Lively market scene showcasing fresh produce. Photo by El'bataky @ Pexels
  • Central African sovereigns paid yields as high as 13.7% despite oil wealth.
  • War-hit DR Congo borrowed more cheaply than its oil-exporting neighbours.

 

LIBREVILLE, GABON – Central Africa’s oil exporters are paying some of emerging markets’ steepest borrowing costs, exposing weaknesses that resource wealth has failed to disguise.

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