mastodon: @edbaker3@econtwitter.net
Back in 2010, half of African countries were spending 𝐥𝐞𝐬𝐬 𝐭𝐡𝐚𝐧 𝟓% !
Back in 2010, half of African countries were spending 𝐥𝐞𝐬𝐬 𝐭𝐡𝐚𝐧 𝟓% !
Developing countries now pay 𝟐 𝐭𝐨 𝟒 𝐭𝐢𝐦𝐞𝐬 𝐦𝐨𝐫𝐞 to borrow than the US.
Since 2020, average bond yields:
– Africa: 9.8%
– Latin America: 7.1%
– Asia/Oceania: 5.5%
– USA: 2.8%
Developing countries now pay 𝟐 𝐭𝐨 𝟒 𝐭𝐢𝐦𝐞𝐬 𝐦𝐨𝐫𝐞 to borrow than the US.
Since 2020, average bond yields:
– Africa: 9.8%
– Latin America: 7.1%
– Asia/Oceania: 5.5%
– USA: 2.8%