Government debt across sub-Saharan Africa has stabilised. However, it remains at a high level, according to an international financial institution report.
The report highlights that countries properly integrating domestic debt market development into their broader economic strategies are best positioned.
Such nations are better placed to gain benefits and manage the risks associated with debt.
When domestic borrowing is a deliberate part of a countrys financial tools, it can encourage resilience.
It also supports sustainable economic growth for the region.