African countries are having a risky affair with eurobond debt and it could end very badly — Quartz

The financial downturn of 2008, was the single largest catalytic factor compelling Sub Saharan African countries to seek alternative sources of financing for social and infrastructure development. The countries, previously reliant on bilateral loans and grants from both the West and eastern blocs, realized with the downturn that the honey pod had dried up. In…

via African countries are having a risky affair with eurobond debt and it could end very badly — Quartz

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