The splendid blog 7685

Debt in African states is often described with the language of emergency, but that only captures part of the story. Debt is also a tool, sometimes blunt, sometimes elegant, often dangerous when handled in bad weather. Across the continent, governments borrow because roads do not pave themselves, power plants do not rise from speeches, and young populations cannot be absorbed into modern economies by hope alone. Yet the bill comes due in hard currency, in election seasons, i