Mihalyi, David; Trebesch, Christoph - 2022 - This version: December 2022
Africa's sovereign debt markets are not well understood, partly due to a lack of data. This paper introduces the Africa … a total volume of 790 billion USD. Using this data, we study Africa's record lending boom of the 2010s in detail. The … organizations just 1 percent. Strikingly, many governments in Africa simultaneously borrow large amounts from both private and …