Africa to Look Beyond Eurobonds to Plug $83 Billion Shortfall in 2026
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000More African countries are likely to issue foreign-currency debt in currencies other than the dollar and euro, BMI said.African governments will turn to unconventional ways to meet financing costs expected to reach almost $83 billion next year, the highest level since 2021, according to BMI.Sub-Saharan African nations typically plug their shortfalls through a mix of concessional financing, domestic securities, commercial eurobond issuances and, to a lesser extent, “unorthodox methods” including central bank financing, BMI, a unit of Fitch Solutions, wrote in a report.