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IMF warns about African states' "hidden debts" through swaps

Senegal, Nigeria, and Angola increasingly use total return swaps for financing.

Published 9sem1 sourceImportant
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The fact

These risky financial instruments create non-transparent debt exposure for the countries.

Moody's and Fitch Ratings highlight the risks to the continent's economic stability.

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Why it matters

Ces dettes opaques pourraient déclencher une crise financière régionale et limiter l'accès des pays aux marchés internationaux.

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