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IMF: About 60% of low-income countries at risk of debt distress

The International Monetary Fund in its 2022 fiscal monitor, says about 60 per cent of low-income countries are either at high risk of debt distress or already experiencing it. It adds that moves by most countries to limit the rise in domestic food and energy prices, could have large fiscal costs and exacerbate global demand and supply mismatches. Paulo Medas, the Division Chief, Fiscal Affairs Department at the IMF, joins CNBC Africa for more.
Wed, 20 Apr 2022 14:27:45 GMT

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