African Countries Aren’t Borrowing Too Much: They’re Paying Too Much for Debt

Ethiopia’s economic growth hovered between 8%-11% for over 10 years but its sovereign credit rating has not been upgraded Shutterstock Misheck Mutize, University of Cape Town February 20, 2020//-There is renewed concern about the sustainability of rising debt levels in many African countries. Much of this debt is being incurred through foreign currency denominated Eurobonds […]