African countries must be transparent and accountable in managing sovereign debt | United Nations Economic Commission for Africa
Addis Ababa, Ethiopia, December 10, 2020 - African countries must be more transparent and accountable when managing sovereign debt amid rising concerns of impending debt distress engulfing the continent. Experts issued the warning on Thursday during a special session on the final day of this year’s African Economic Conference (AEC). This comes partly because public external debt in sub-Saharan Africa is on the rise. According to World Bank data, 18 countries are at high risk of debt distress – a number that has more than doubled since 2013 - while eight countries are already in distress. ...
Source: uneca.org