African multilateral lenders have launched a continent-wide early warning system aimed at spotting the first signs of sovereign debt distress amid mounting concerns about a looming debt crisis.
The tool, developed by the Alliance of African Multilateral Financial Institutions (AAMFI), is intended to help regions lenders coordinate support for countries under strain and reduce the risk of protracted disputes during debt restructurings.
According to International Monetary Fund (IMF) data cited by africanews.com, African economies are due to service close to $96 billion in external debt obligations in 2026, putting pressure on public finances already stretched by volatile currencies, high interest rates, and climate-related…