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United Nations Economic Commission for Africa (Addis Ababa)

Hello... Where's This Talk of an African Debt Crisis Coming From?

"It is important to give some context with regards to Africa's past indebtedness," writes Carlos Lopes in a new essay titled, "They Don't Believe in the Future!" - a response to the buzz about another looming debt crisis in Africa. In the essay, the UN Economic Commission for Africa's Executive Secretary explains that "contrary to common perception, Africa's past over-indebtedness was not solely attributable to the continent's poor governance, corruption or conflict, as most would have you believe," and neither is the current stock of sovereign bonds "... reflective of incompetent governments building up unsustainable levels of debt." More about UN Economic Commission for Africa in this BRIEFING.



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  • Africa:   They Don't Believe in the Future!

    Economic Commission for Africa, 26 February 2016

    The domino effect of five central banks - Denmark, Switzerland, the European Central bank, the bank of Japan and more recently Sweden, slashing interest rates to sub – zero… Read more »

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  • Africa:   Innovative Financing a Must for Africa

    Economic Commission for Africa, 16 October 2014

    A mythical figure of African history, the Moroccan Ibn Battuta, considered one of the greatest travelers of all times, arrived in Somalia in 1331. He was surprised with Mogadishu's… Read more »

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