Africa’s $20 Billion Financial Stability Fund Approved to Combat Debt Crises
African leaders have given the green light to a groundbreaking initiative aimed at preventing debt crises across the continent. The African Financial Stability Mechanism (AFSM), a $20 billion fund, has been approved to help cushion economies against financial instability before it escalates. The fund, spearheaded by the African Development Bank (AfDB), will be able to […]
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