Africa Calls for Fairer Global Finance at G20–Africa High-Level Dialogue
Africa faces growing financing pressures as rising debt service costs severely constrain development. By end-2024, public debt had reached USD 1.815 trillion, while annual debt servicing climbed to USD 163 billion, leaving 57% of Africans living in countries where debt payments exceed health or education spending. These escalating obligations not only erode fiscal space but are also directly reinforced by Africa’s persistently high cost of capital a systemic penalty that inflates borrowing costs regardless of fundamentals.









