Optimising Public Debt in Africa: Building Trust, Fiscal Credibility and Sustainable Development — English
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Africa’s development ambitions continue to outpace available domestic resources, making sovereign borrowing an unavoidable instrument of fiscal policy. The policy problem is not borrowing per se; it is weak debt governance. Across many African countries, rising debt-service costs, fragmented debt management operations and records, limited public disclosure, and weak links between borrowing and measurable development results have combined to shrink fiscal space and erode trust in public institutions.