Africa's debt

How Africa’s ‘ticket’ to prosperity fueled a debt bomb

Credit ratings were meant to help sub-Saharan countries tap global investors to fund much-needed development. But low scores, heavy borrowing and bad luck have left many struggling with crushing bond debt.

August 1, 2024
August 1, 2024

How Africa’s ‘ticket’ to prosperity fueled a debt bomb

Credit ratings were meant to help sub-Saharan countries tap global investors to fund much-needed development. But low scores, heavy borrowing and bad luck have left many struggling with crushing bond debt.