Save the Children is the world’s leading independent organisation for children. In an interview, the IMF’s Strategy, Policy, and Review Department’s Toshiyuki Miyoshi—the report’s lead author—discusses the IMF’s engagement with regional financing arrangements and explains the paper’s findings. The proportion of commercial debt, which is far more expensive to finance than debt incurred from federal loans, has therefore increased , leading some regions to spend 4-6 percent of their budget just to service their debt.

Regional exchange, such as the Bourse Régionale des Valeurs Mobilières (BVRM), and several other initiatives to integrate African capital markets are also present. Take a moment to fill out an online application, or call your local Regional Finance branch, and we will work quickly to help you find the right loan for your big purchase, along with a payment plan that doesn’t break the bank.

Even if the federal government takes disciplinary” measures, such as …