Africa hears pledges but little action at IMF-World Bank talks
Activists hold placards during a demonstration against poverty and climate change during the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), in Marrakesh. (AFP)
Agence France-Presse is an international news agency headquartered in Paris, France.
What you need to know:
Africa's debt mountain was a major source of concern at IMF-World Bank meetings
More than 20 African countries are either already in or on the edge of debt distress.
In some countries, more than 40 percent of the state budget goes to servicing the debt -- an unsustainable level in countries that need to maintain basic public services such as water and electricity.
