Africa’s Debt Crisis
Rising global inequality and escalating debt crises are hitting Africa hard. This dossier explores key challenges and the reforms needed to build fairer international financial structures.
Africa’s debt crisis is more than a financial problem, it is a symptom of global inequality. This dossier brings together voices from across the continent that expose injustices, demand accountability, and offer new perspectives.
It covers hidden debts in Senegal, politically shaped debt markets in Kenya, the impact of corruption in South Africa, the social costs of rising debt in Malawi, the consequences of debt-driven development, sovereign debt and the role of climate resilience and IMF Special Drawing Rights in creating new fiscal space. In the editorial, Joe Kobuthi provides an overview of the current situation, introduces the dossier’s thematic focus areas and outlines approaches discussed for strengthening the financial sovereignty of African states.
Together, these contributions provide fresh perspectives on transparency, reform and a sovereign, sustainable development path beyond debt dependence.
