The Africa Debt Monitor
Posted by Danielle Serebro[1]
Public debt transparency depends on three key conditions: (i) effective recording, (ii) an extensive reporting function, and (iii) a willingness to share debt-related information (UNCTAD, 2018). Anomalous cases, such as Mozambique, where “off-book” loans were contracted to purchase fishing vessels and military equipment, and Zambia, which is suspected of hiding substantial external debt, have contributed to a general perception that African countries are unwilling to share their debt data and do not meet the third condition of debt transparency.
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