Africa’s shift to an increasing reliance on domestic rather than foreign currency borrowing has led to higher debt service costs and increased rollover risks, the Bank for International Settlements has said.
In a paper titled Africa’s public debt amid global headwinds: balancing resilience and vulnerabilities, published on August 11, authors Michael Chui and Leonardo Gambacorta note that African economies demonstrated “remarkable resilience” in 2025. However, they say the region’s outlook has
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