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African Finance Ministers Shouldn’t Be Making Bond Deals – How to Hand Over the Job to Experts
  • Africa

African Finance Ministers Shouldn’t Be Making Bond Deals – How to Hand Over the Job to Experts

eriinfo.com1 week ago010 mins

Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of…

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