Perspective
30 May 2018
Debt sustainability: The African elephant in the room
Region:
Middle East & Africa
As foreign currency debt issuance reaches a new record so far this year, there are growing concerns over debt servicing sustainability across Africa. Several African economies are at serious risk of debt distress and there are increased foreign-exchange and refinancing risks – partly driven by use of non-concessional financing and foreign-currency borrowings.
