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Dabalen said World Bank has expressed concern about the growing proportion of revenues that African economies are spending in debt service and cites this as a “liquidity challenge”.
The concerns being raised by the World Bank come at a time when the Opec basket price has risen above the $90 per barrel mark in April 2024 for the first time in 10 months.
The World Bank has projected that growth will rebound in African economies from 2.6% in 2023 to 3.4% in 2024 and 3.8% in 2025. | Pulse Nigeria
This, amid restored access to international capital markets.
The World Bank has projected increased growth in Nigeria and other African economies to 3.4 per cent in 2024 and 3.8 per cent in 2025 from 2.6 per cent in