Africa’s Least Developed Countries are struggling to fund health, education, and Sustainable Development Goals (SDGs) due to soaring repayment costs from their rising debt burden, as highlighted by Ms. Oyebanke Abejirin of the UN Economic Commission for Africa. Debt servicing costs are reducing funding for SDG-related spending, leading to a decline in health and education funding, with a need to strengthen domestic revenue generation to close the financing gap. Strategies are being developed to improve fiscal space for sustainable development, including the importance of fiscal consolidation and creating fiscal space to meet Agenda 2063 aspirations.
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March 2025 FIRE Portfolio Update: Trump Crashes the Economy
March 2025 was a disastrous month under Trump's presidency, with tariffs and economic threats causing market crashes, erasing gains from his election. The portfolio owner, who achieved financial independence in 2020-2021 with a $1.3m ETF portfolio, saw a $150k decrease in net worth, primarily holding VTI, VGT, VCR, and some single name stocks. The market saw significant declines with the S&P and Nasdaq entering correction territory, down more than 10% from highs, as Trump's tariffs...
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