Africa’s Sovereign Debt Hits $1.8 trillion-experts call for “more debt, not less.”
ABUJA, Nigeria-As Africa’s public and external sovereign debt surges to a historic $1.8 trillion, economists and policymakers across the globe are sounding the alarm—and, in a surprising twist, some are calling for more borrowing, not less. New figures from the African Development Bank (AfDB) reveal the continent’s debt has grown by 170 percent since 2010,…