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Infrastructure | IMF’s Lipton Warns Africa Against Infrastructure Debt Traps
LAGOS, Nigeria, Capital Markets in Africa: African nations need to find the right balance when pursuing infrastructure projects to avoid falling into deeper debt traps, according to David Lipton, First Deputy Managing Director of the International Monetary Fund. “Infrastructure projects can be very successful in supporting growth if countries pick the right projects and carry them out in an efficient fashion,” Lipton said in a interview in the Kenyan capital, Nairobi on Tuesday. “Mistakes or inefficiencies…
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