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38 w ·Youtube

World Bank Slashes Its Funding To Kenya.

Questions:
1. Why African Countries always Borrowing from the IMF ?
2. Is it a good practice to borrow from the IMF ?

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Bik Sofiyea

 
It's understandable that you may be wondering why many African countries are still borrowing from the International Monetary Fund (IMF). It's important to recognize that these countries are facing a number of challenges and difficulties that can make it difficult for them to achieve financial stability on their own. From high levels of debt to limited financial resources, many African countries are working hard to manage their economies and create opportunities for their citizens.
· Reply · 1712307424
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Bik Sofiyea

 
Borrowing from the IMF can be a strategic move for countries facing economic challenges or structural issues. It provides financial support and access to resources that can help countries stabilize their economies and implement necessary reforms. While IMF loans do come with conditions, they are often designed to promote long-term economic growth and stability. Moreover, countries that borrow from the IMF benefit from lower borrowing costs and improved access to international capital markets. Overall, borrowing from the IMF can be a sound strategy for countries that need financial support and are committed to implementing necessary reforms.
· Reply · 1712307626
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