African countries are being driven into a debt dependency cycle. Three major factors are at play.
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Articles on Africa debt
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Africa needs to advocate more aggressively for its own interests when it comes to negotiating debt terms.
Many African countries face a triple set of dilemmas that are not easy to navigate.
Debt forgiveness isn’t the answer. History is replete with examples of countries that are serial defaulters.
With Uhuru Kenyatta leaving office to make way for a new leader, it was always going to be an eventful year for Kenya.
African countries are essentially placed in the position of a supplicant appealing to the kindness of creditors.
African countries have few options for responding to the strong dollar. And most are challenging.
COVID is only one factor contributing to the difficult debt situation in the region.
The World Bank board operates on the basis of reaching decisions by consensus. This means that any executive director must earn the respect of their colleagues to affect change.
Low-income countries that sought to spend more on health care during the pandemic have been hit with ratings downgrades, while others avoided borrowing entirely.
A more explicit emphasis on the national interest may encourage donor countries to play ‘the long game’ in Africa.
A significant change in political mentality is required to shore up one of Africa’s leading lights.
Individual relationships between China and particular African countries differ a great deal.
In coming years, Uganda’s GDP growth is set to accelerate as recent and ongoing public investments begin to yield returns.
Top contributors
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria
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Professor of Economics, Salisbury University
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Post-doctoral Fellow, Centre for Human Rights, University of Pretoria
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Associate Professor, Graduate School of Business, University of Cape Town
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Dean: Faculty of Economic and Management Sciences, and Professor of Economics, University of the Free State
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Professor in Inclusive Education, Hague University of Applied Sciences
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Professor at the Nelson Mandela School of Public Governance, University of Cape Town
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PhD student, Centre for Development and the Environment, University of Oslo
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Research fellow, University of Pretoria
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Professor of Economics, Stockton University
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Professor of political science, Director of the Oslo SDG Initiative, Host of "In Pursuit of Development" podcast, University of Oslo
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Researcher, International Growth Centre
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Lecturer of Food Science and Technology, Department of Dairy and Food Science and Technology., Egerton University
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Associate professor, Finance, University of the Witwatersrand
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Professor of Comparative Politics, University of Warwick
