Foreign Affairs PS Korir Sing’Oei says Africa must make the high cost of borrowing a central foreign policy issue, warning that expensive debt is limiting investment in health, education and climate resilience. Sing’Oei says African countries pay about 90 billion dollars annually in debt service, more than aid and climate finance combined. He says reducing Africa’s borrowing premium by 200 basis points could save the continent an estimated 20 billion dollars every year.

KORIR SING’OEI – DEBTS