Africa is sitting on a ticking time bomb—$35 billion worth of Eurobond debt — Quartz

The 2008 economic crisis is the single largest factor that has driven developing countries to seek alternative sources of financing for social and developmental infrastructure. This was a result of the drying up of bilateral loans and grants from European and American countries. Some African countries put forward the argument that the funds from capital…

via Africa is sitting on a ticking time bomb—$35 billion worth of Eurobond debt — Quartz

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