Africa: Credit where it's due

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A tailor at work in Mali. Good credit could be used to improve regional power grids, boosting productivity, says Sy. [IMF Photo]

When it comes to borrowing money on the international financial markets, several countries of sub-Saharan Africa can now access funds at cheaper rates than some European nations, according to the International Monetary Fund (IMF).

Angola and Gabon for example, have taken advantage of favourable interest rates to sell bonds worth $1 billion each.

IMF's David Schulman spoke to Amadou Sy, a Deputy Division Chief in the Monetary and Capital Markets Department of the IMF who says the change is historic and could open up exciting opportunities for the continent.

Duration: 4'32"

Filed under Today's Features.