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sVA5IgtB
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Resource
Answer
Written answer
answer has question
6t39OVHD
answer has answering person
Harriett Mary Morison Baldwin
answer text
<p>We keep debt levels in sub-Saharan African countries under regular review along with other key macroeconomic indicators. Average debt levels in Sub-Saharan Africa have grown from 28% of GDP in 2010 to 48% in 2018 although this is still significantly lower than the 68% of GDP in 2000. As of 1<sup>st</sup> November 2018, the International Monetary Fund (IMF) classify 6 countries in sub-Saharan Africa as being in debt distress with a further 10 as being at “high risk of debt distress”. DFID remains concerned about rising debt levels in Africa and the UK continues to raise the need for action on this issue, both with international institutions such as the World Bank and IMF and international fora such as the G7 and G20. The relationship between debt and poverty reduction is complex. Every country is different, and we work closely with governments, the IMF, World Bank and other development partners to ensure the impact on poverty is factored into decisions relating to public finance.</p>
answer given date
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Department for International Development
written answer has answering body
Department for International Development
Department for International Development
answering body has written answer
sVA5IgtB
answering body has answer
sVA5IgtB
6t39OVHD
question has answer
sVA5IgtB
Harriett Mary Morison Baldwin
answering person has answer
sVA5IgtB