IMF Deputy Division Chief worried over huge portions of Eurobonds used to service debts
The Deputy Division Chief of Regional Studies in the African Department at the International Monetary Fund, Wenjie Chen, has advised Sub-Saharan African countries, including Ghana, to allocate borrowed funds into productive sectors of the economy that generate returns. According to her, if borrowed funds are invested in areas such as infrastructure, health, and education, it would yield high returns for the country, which is a reassuring factor. “For instance, if they were to put the money into infrastructure spending, to social spending, health, education, that then, will reap the benefits for the country. And by that I mean, for instance, in terms of economic activity that...
