Debts are not bad. Where debts become problematic is the type of investments for which they are destined and how they are executed. What about this for your appraisal?
In la republique du Cameroun for instance:
1) 100 billion to buy “laptops” which are like toys.
2) more than 2000 billion to build football pitches and they are still uncompleted
3) more than 4000 billion for electrical dams which are still to function since the project was started a decade ago
4) 180 billion for covid that went into private pockets
6) then the autoroute with hundreds of billions and the project seems to be in a coma
7) 3000 billion for tollgates and the project is dead.
And the list continues
10 TOP AFRICAN COUNTRIES INDEBTED TO THE IMF BY FEB. 2025
