HARARE, Zimbabwe— African countries are paying an increasingly heavy price to service their debts despite declining overall debt levels, raising fresh concerns about a global financial system that civil society organisations say continues to prioritise creditors over development, writes Winston Mwale.
The African Forum and Network on Debt and Development (AFRODAD) says the 2026 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group in Bangkok, Thailand, offered limited evidence of the structural reforms needed to address Africa’s debt challenges.
At a press briefing on Oct. 21, AFRODAD officials presented their assessment of the meetings, highlighting rising…