“Debt vulnerabilities remain elevated” in Africa due to tighter global monetary conditions and the higher dollar, AfDB chief economist Kevin Chika Urama said at a briefing to launch the report. Africa’s Macroeconomic Performance and Outlook (MEO) Report, 2023 is a new bi-annual publication which will appear in the first and third quarters each year.
Africa sovereigns left exposed to ‘looming debt crisis’: AfDB

Higher global interest rates as developed countries try to combat inflation leave African sovereigns exposed to debt distress, the African Development Bank (AfDB) says in a new report.