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subsahara
Policy makers in most Sub-Saharan African (SSA) and other emerging markets continue to operate in a very challenging environment. Poverty remains wide spread, with about 48 percent of the population in SSA living on less than US$1.25 per day while the health and education indicators remain very poor and much lower compared to other regions. In addition, the infrastructure needs of the continent are vast and a lot of resources are required per year for public and private investment in order to bridge the infrastructure gap. In this regard, most governments have taken recourse to increased borrowing to meet the resource shortfall, leading to rapid accumulation of public sector debt in recent years. This has led to fresh concerns about public debt sustainability going forward.

 

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