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Obstacles to progress


                                                                                                   Realities

                 Public Debt Per capita
                                         Purchasing  (Official
                                         Power            Exchange
                                         Parity           Rate)
                 Country Date
                 Uganda                  $873             $261       2017
                 Rwanda                  $820             $304       2017
                 Mali                    $792             $295       2017
                 Burkina Faso            $692             $243       2017
                 Malawi                  $669             $186       2017
                 Madagascar              $559             $161       2017
                 Comoros                 $520             $257       2017
                 Niger                   $498             $188       2017
                 Liberia                 $437             $235       2017
                 Libya                   $431             $213       2017
                 Burundi                 $349             $148       2017
                 CAR                     $312             $178       2017
                 DRC                     $146             $88        2017
                                                                                  Source : CIA World Fact Book
                                                          *****
                  List of countries by foreign-exchange reserves
                  “Foreign-exchange reserves (also called Forex reserves) are, in a strict sense, only the foreign-currency

                  deposits held by national central banks and monetary authorities (See List of countries by foreign-
                  exchange reserves (excluding gold)). However, in popular usage and in the list below, it also includes
                  gold reserves, special drawing rights (SDRs) and International Monetary Fund (IMF) reserve position
                  because this total figure, which is usually more accurately termed as official reserves or international
                  reserves or official international reserves, is more readily available and also arguably more
                  meaningful”. 226


                    Foreign Exchange Reserves in US $ Millions
                    World                              Millions
                    Rank Movement        Country       US$            As of Date
                    31     Increase      Libya         71,629        September 2017
                    34     Decrease      Algeria       62,000        February 2020
                    40                   South Africa 53,003         April 2020
                    50     Increase      Nigeria       36,563        June 2020
                    51     Decrease      Egypt         36,254        April 2020
                    59                   Morocco       24,644        February 2020
                    66     Increase      Angola        17,012        June 2019
                    74                   Kenya         12,766        January 2020
                    83                   Ghana         7,555         December 2017
                    87                   Botswana      7,476         December 2017
                    88                   Mauritius     7,217         September 2019
                    94                   Tunisia       5,540         October 2019
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