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Priced Out
The rising cost of borrowing for low- and lower-middle-income countries
The cost of borrowing for African countries has doubled since 2020. Ordinary people are paying the price.
- African borrowing costs surge 91% amid global interest rate pressures (2020–2024)
- World Bank IBRD rates rose from 1.4% to 5.2%
- China’s African lending rates climbed 3.2 points, reaching 5.7% by 2024
- Middle-squeezed nations bear the brunt of rising global borrowing costs
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