Chart 2 Interest rate movements (daily data, p.a., in %)  Chart 3 Interest rates in the primary market of government securities  16  14  (p.a., in %)  14  12  12 10  10 8  8  6  6 4 2  BEONIA Key policy rate Interest rate BELIBOR 1W Interest rate on deposit facility Interest rate on lending facility  4  9  1 5 2012  9  1 5 2013  9  1 5 2014  Sources: Thomson Reuters and NBS.
The World Bank’s 2020 International Debt Statistics2 has designated SSA as the region with the fastest-growing debt levels in the world, the pace of increase raising concerns about debt sustainability on the continent. According to the International Monetary Fund (IMF), about 40% of countries on the continent are currently at distressed levels.