Sub Saharan Africa (SSA)
This group is for funders, their grantee partners, CSO networks and their members and individual organizations working throughout Sub Saharan Africa. Use this group to discuss issues of shared concern, share opportunities for collaboration and support.
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How to Avoid a Debt Crisis in Sub-Saharan Africa
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Discussion
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The average debt ratio in sub-Saharan Africa has almost doubled in just a decade—from 30 percent of GDP at the end of 2013 to almost 60 percent of GDP by end-2022. Repaying this debt has also become much costlier.
The region’s ratio of interest payments to revenue, a key metric to assess debt servicing capacity and predict the risk of a fiscal crisis, has more than doubled since the early 2010s and is now close to four times the ratio in advanced economies. As of 2022, more than half of the low-income countries in sub-Saharan Africa were assessed by the IMF to be at high risk or already in debt distress.
Read More https://imf.org/en/News/Articles/2023/09/26/cf-how-to-avoid-a-debt-crisis-in-sub-saharan-africa
