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  1. China has become Africa’s biggest bilateral lender. It’s public lenders hold almost $63 billion of Africa’s external debt in 2022, and it’s private lenders over $24 billion of Africa’s external debt. Select a country to view and hover over the chart for more details.

  2. Feb 28, 2024 · Many African countries continue to face challenging sovereign debt situations. Total external debts as a share of Africa’s export earnings increased from 74.5% in 2010 to 140% in 2022 . In 2022, African governments had to allocate about 12% of their revenues to servicing their debt .

  3. May 11, 2022 · Currently, 22 countries in debt distress or at high risk of debt distress. This means that African governments that they incurred on behalf of their states. For example, Mozambique and...

  4. Jun 20, 2023 · First, non-Paris Club bilateral creditors and commercial creditors are increasingly becoming major sources of Africa’s sovereign debt. While bilateral debt represented 52% in 2000, this declined to 25% by 2021; commercial debt’s share of total debt increased from 17% in 2000 to 43% in 2021.

  5. Oct 31, 2022 · Trends in public debt by global region, 5-year averages, 1995-2020 (note: HIPC and 2005 MDRI) Notes: The values reported are simple averages [data source: IMF Fiscal Monitor database (IMF, 2021)]. *Notes: Lowest debt (quintile 1); highest debt (quintile 5). Countries alphabetically arranged in each quintile.

  6. May 15, 2024 · The Bank Group estimates that Africa’s total external debt, which stood at $1.12 trillion in 2022, had risen to $1.152 trillion by end-2023. With global interest rates at their highest level for 40 years and as multiple bond debt securities issued by African countries reach maturity, there is no shortage of challenges in 2024.

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  8. In the last one decade, Africa’s sovereign debt, both public and private, almost doubled from 34 percent of GDP in 2008 to 60 percent of GDP in 2019.

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