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Several African States are already in Debt Distress, so could Washington Tip them Over the Edge?
By SG Editor·
President Trump attends the Africa Fintech Accelerator program launch, engaging with startup founders and industry leaders.
Trump’s second-term policies could propel the US currency higher, igniting inflation and debt costs in developing nations. One continent where the effects of a stronger dollar are expected to be felt most harshly is Africa, where nine countries are already in debt distress and 10 others are at “high risk” of insolvency, according to the World Bank.