Africa's Debt Dilemma

This chapter examines the persistent funding challenges faced by African nations, emphasizing the complex dynamics of public debt and borrowing practices. It contrasts historical reliance on concessional loans with contemporary trends of borrowing from capital markets and China, while highlighting the disproportionate impact of recent global events. The discussion categorizes countries by their debt management capabilities and stresses the implications of the ongoing debt crisis on economic growth and political stability in the region.