Africa’s growing debt crisis: Who is the debt owed to?

Africa’s growing debt crisis: Who is the debt owed to?
Jubilee Debt Campaign, 7 octobre 2018


Summary

  • African government external debt payments have doubled in two years, from an average of 5.9% of government revenue in 2015 to 11.8% in 2017
  • 20% of African government external debt is owed to China
  • 17% of African government external interest payments are made to China
  • In contrast, 32% of African government external debt is owed to private lenders, and 35% to multilateral institutions such as the World Bank
  • 55% of external interest payments are to private creditors

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