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
