Content from our Premium Partner

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.

A child with a mobile phone.

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

    UNECA, 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 »

Video

  • Africa:   Innovative Financing a Must for Africa

    UNECA, 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 »

InFocus

AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.