25/02/2025
📢 African Governments’ Foreign Debt Has TRIPLED Since 2009! 💰📊
Sub-Saharan Africa’s debt has surged, shifting from multilateral to commercial and bilateral creditors. By 2024, debt service costs will reach $74 billion, up from just $17 billion in 2010! With 44% of this debt in Eurobonds and rising short-term liabilities, many nations face intense repayment pressures that threaten development goals.
🔹 We must push for fair and just debt relief! ✊🏽🌍
Caritas Kenya Amecea Secretariat Jesuits Africa Madagascar Charlie Chilufya