How IMF underdevelops Africa
AT THE start of 2025, Sudan registered an alarming debt-to-GDP (Gross Domestic Product) ratio of 252 per cent. This means that the country’s total public debt is 2.5 times the size of its entire annual economic output. It is not hard to understand why Sudan is in such dire straits: as we outlined in last week’s newsletter, the country has been engulfed in a conflict for...