Government debt in sub-Saharan Africa has reached a stable point. However, this stability is at a very high level, according to a report.
The International Monetary Fund published the findings. It highlights that countries using domestic debt markets carefully are doing better.
These nations approach debt management as part of a larger economic plan. This approach helps them get the most benefits from borrowing.
It also helps them manage the dangers that can come with debt. Well-planned domestic borrowing is a key financial tool.
When used correctly, it can help countries become more resilient. It can also support long-term economic growth.