As the Paris Club marks another anniversary, many African countries are once again facing rising debt pressures.
Despite decades of debt relief programmes, structural reforms and IMF support, debt crises continue to resurface across the continent. Governments are under pressure to fund infrastructure, energy and climate projects while keeping borrowing under control.
Business Africa speaks with Zeine Zeidane, the newly appointed Director of the IMF’s African Department, to examine why debt distress persists and what reforms may be needed to create a more sustainable path for growth.
Zeidane says the picture is more nuanced than a simple cycle of failure, pointing to both repeated global shocks and…