Africa: Iran War Lifts Africa Debt Costs That Have Surged Since Pandemic
Discover moreOnline Magazine SubscriptionsAfrican Cultural ExperiencesReal-time Event UpdatesBloomberg The Iran war is raising borrowing costs for African countries that are only just recovering from the post-pandemic shock that sent debt burdens soaring. Research published Tuesday by ONE Data showed borrowing costs from the World Bank’s International Bank for Reconstruction and Development jumped to 5.2% in…