Africa's debt reaches 60% of GDP, surpassing $1.8 trillion, impacting education spending in sub-Saharan Africa.
Africa's debt burden rises to 60% of GDP, surpassing $1.8 trillion in 2023. This debt burden impacts education, with sub-Saharan Africa spending only 4.1% of its GDP on education in 2022, short of the global average and recommended 6%. This limited spending forces governments to implement austerity measures, often resulting in low teacher salaries and a weakened education system.
March 29, 2024
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