The government noted that the IMF staff report had presented the figures as a worst-case scenario and was not a ‘fait accompli. “It is also noteworthy that the same report indicates that under favourable circumstances, the General Government Debt to GDP ratio may decline to below 70 per cent in the same period. Therefore, any interpretation that the report implies that General Government debt would exceed 100% of GDP in the medium term is misconstrued,” the ministry said.
The Search for Sustainable Solutions to Debt Accumulation in Sub-Saharan Africa orfonline.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orfonline.org Daily Mail and Mail on Sunday newspapers.