(Bloomberg) -- Malawi’s external debt rose 11 percent in 2017 from a year earlier to reach 1.49 trillion kwacha ($2.06 billion), the highest since at least 1984, according the Reserve Bank of Malawi.
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Debt servicing fell 24 percent to 23.8b kwacha, including interest payments of 12.7b kwacha, the central bank said in a statement on its website.
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The country, which ranks among the poorest in Africa, relies on foreign aid to finance as much as 40 percent of its budget.
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