The economic gap between Africa and the rest of the world is growing
By Daniel Abiliba @ 2025-01-08T09:27 (+19)
This is a linkpost to https://www.economist.com/special-report/2025/01/06/the-economic-gap-between-africa-and-the-rest-of-the-world-is-growing
Supposed the trends continue, africans will make up >80% of the world’s poor by 2030
huw @ 2025-01-08T13:14 (+7)
Mmm, it is not merely the case that finance is drying up, but that according to OECD data, in 2023 net financial flows to the Global South were actually negative (i.e. they paid more in repayments than they received in new finance).