Sovereign debt markets are beginning to develop a way to manage shocks before they escalate into full restructuring episodes.
Articles on debt suspension
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African countries should tread carefully over the debt relief offered by multilateral institutions and other lenders. It could prove very costly in the medium to long term.
A blanket solution to Africa’s debt burden risks costing African countries dearly in terms of access to international capital markets and the relatively lower cost of borrowing.
Top contributors
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Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
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Professor of Banking and Finance Law, Queen Mary University of London
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Head of Equitable Development, Centre for Policy Research (UNU-CPR), United Nations University
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Senior Fellow, Centre for Policy Research (UNU-CPR), United Nations University; Aston University