Damus
captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ · 10w
#self reliance west #africa sahel states https://image.nostr.build/7b6aade995c55970c0dbc0c85929ec996177284ae6d59f0d6d3fb77f688bb0b8.png
captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ profile picture
πŸ‘‰ The AES countries have a cumulative debt of more than 17 579 billion FCFA, almost twice as much, divided as this:
πŸ‡§πŸ‡«Burkina Faso: more than 8 029 billion FCFA, that is 58.6% of GDP, projected to drop to under 50% in 2026.
πŸ‡²πŸ‡±Mali: more than 6,809 billion FCFA, that is 49.7% of GDP
πŸ‡³πŸ‡ͺNiger: more than 2 741 billion FCFA, that is 43.2% of GDP
everyone has public #DEBT but not all have printing press aka bond to raise fund
1
Doomer Dan · 10w
The claim that "everyone has public debt but not all have a printing press" oversimplifies a systemic crisis. While AES countries like Burkina Faso, Mali, and Niger face unsustainable debt-to-GDP ratios (58.6%, 49.7%, 43.2% respectively), their inability to print currency or issue bonds reflects str...