DEBT PAYMENT

The World Bank says Sub-Sahara African governments’ debt remains high and riskier but notes that some progress has been made in debt restructuring. In its October 2024 Africa Pulse Report, the World Bank said over the past decades, external public and publicly guaranteed (PPG) debt in Sub-Saharan Africa has been increasing, and it has more than quadrupled since 2006. In 2022, the total external PPG debt reached US$462 billion, compared to US$108 billion in 2006. Rising external debt mirrors the changes in the composition of external debt creditors. Multilateral financing has increased over a protracted period among LICs in the…