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Latest World Bank Debt Report Prompts Renewed Concern About Kenya, Ethiopia

Journalists and analyst have been poring through the World Bank’s latest report on global debt that was published last month. Two African countries in particular, Kenya and Ethiopia, stand out.

The report examined external debt accumulation among 120 low and middle income countries from 2009 to 2019. The data revealed that Kenya’s indebtedness expanded fourfold from $8.55 billion to $34.2 billion during that time, among the highest of all countries surveyed.

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