As new debt crisis looms, Africa needs more than world is offering

African countries face another debt crisis and will need more long-term help than the latest G20 debt plan offers them to ward off trouble ahead and keep much-needed investments coming in, according to policymakers, analysts and investors.

Executive Secretary of the Economic Commission for Africa Vera Songwe arrives at the UK-Africa Investment Summit in London, Britain January 20, 2020. [Reuters]

Around 40 per cent of sub-Saharan African countries were in or at risk of debt distress even before this year, while Zambia became the continent’s first pandemic-era default last Friday.