Government debt in sub-Saharan Africa has stabilised, according to a report from the International Monetary Fund. This stabilisation, however, occurred at a high overall level.
The fund noted that countries showing the best positioning to handle debt risks and reap benefits are those that approach domestic debt market development strategically.
When domestic borrowing is considered a deliberate and well-planned part of a nation's financial tools, it can offer support for resilience.
This approach can also contribute to sustainable economic growth across the region.
The report highlights the importance of integrated economic strategies for managing national finances effectively.