Without comprehensive reform of the global financial system, Africa’s development and Europe’s stability will face growing risks
COMMENT | Nana Akufo-Addo & Ulrich Volz | On November 24-25, African and European leaders met in Luanda, Angola, for the European Union-African Union summit. Marking 25 years of EU-AU partnership, the gathering was not just a celebration but a moment to define what the next quarter-century will mean for relations between the two continents.
For Africa, the stakes could not be higher. Many African countries are burdened by unsustainable levels of sovereign debt that impede their ability to invest in resilient infrastructure and sustainable development. Public external debt has more than…