Government debt figures across sub-Saharan Africa have stabilised. However, these levels remain high. This finding comes from a report by the International Monetary Fund.
The report highlights that countries developing their domestic debt markets within a broader economic plan are best prepared. They can best use the benefits and handle the risks involved.
Domestic borrowing can be a useful financial tool for countries. When used thoughtfully, it can support economic resilience.
This strategic use of domestic borrowing can also lead to sustainable growth.