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EAC economies to end the year with alarming debt ratios- IMF

A main boulevard in Bujumbura city. The IMF says that surging public debt-to-GDP ratios for Burundi, Kenya, Rwanda, Tanzania and Uganda has left them highly exposed to greater rollover and exchange rate risks. FILE PHOTO | NMG

By  James Anyanzwa

Business Reporter in Nairobi, Kenya

Nation Media Group

Burundi has joined a group of nine African countries at a high risk of debt distress while Kenya’s risk of default has increased to moderate from low.

This has seen the International Monetary Fund raise a red flag over the rate at which East African countries are accumulating debt.

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