(Photo by
CABRI)
“It is during times of plenty, while international market conditions are favourable for our countries, that we can absorb the short-term costs associated with more expensive local debt.”
Is there a role for the debt office in market development?
“The debt office can ensure that Africa has access to long-term local-currency debt that will support our infrastructure and development needs in the long term.”
Yes, the debt office’s role is central, but what else matters?
“To attract investors to your market, in lieu of a good growth story, develop a good reform story.”