SPECIAL REPORT | How Africa’s ‘ticket’ to prosperity fuelled a debt bomb

The thinking at one point was that African countries’ ratings would improve, and their cost of borrowing decline. Instead, the push for credit ratings set these nations on a path to debt many could not afford

01 August 2024 - 16:27
By Libby George, Tom Bergin, Tom Wilson and Lawrence Delevingne

The thinking at one point was that African countries’ ratings would improve, and their cost of borrowing decline. Instead, the push for credit ratings set these nations on a path to debt many could not afford

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