can countries are having a risky affair with Eurobond debt and it could end very badly…

The financial downturn of 2008, was the single largest catalytic factor compelling Sub Saharan African countries to seek alternative sources of financing for social and infrastructure development. The countries, previously reliant on bilateral loans and grants from both the West and eastern blocs, realized with the downturn that the honey pod had dried up.



In the ten-year period between 2006—when the first Sub Saharan African (SSA) Eurobond was issued—and 2016 more than a dozen African countries had racked up Eurobond debt of more than $23 billion, that carries an average annual coupon payment of +/- $1.7 billion. A Eurobond, also referred to as sovereign bond, is a debt security issued by a national government and is denominated in a foreign currency, usually dollar, rather than the euro that its name implies.

 African countries in seeking alternative sources of funding ignored the bold writing on the wall which predetermined the debt crisis of the 1980s. The African countries in seeking these alternative sources of funding ignored the bold writing on the wall which predetermined the unsustainable debt crisis of the 1980s. In the period between 1970 and 1990 African countries borrowed heavily, with their debt becoming unsustainable. The cyclical events of unsustainable debt of the 1980s, when the continent’s debt position stood at more than $270 billion, was attributed to—depending on which side of the fence you’re on—poor governance, corrupt leadership and protracted civil wars in many African countries.

The financial downturn of 2008, was the single largest catalytic factor compelling Sub Saharan African countries to seek alternative sources of financing for social and infrastructure development. The countries, previously reliant on bilateral loans and grants from both the West and eastern blocs, realized with the downturn that the honey pod had dried up.



In the ten-year period between 2006—when the first Sub Saharan African (SSA) Eurobond was issued—and 2016 more than a dozen African countries had racked up Eurobond debt of more than $23 billion, that carries an average annual coupon payment of +/- $1.7 billion. A Eurobond, also referred to as sovereign bond, is a debt security issued by a national government and is denominated in a foreign currency, usually dollar, rather than the euro that its name implies.

 African countries in seeking alternative sources of funding ignored the bold writing on the wall which predetermined the debt crisis of the 1980s. The African countries in seeking these alternative sources of funding ignored the bold writing on the wall which predetermined the unsustainable debt crisis of the 1980s. In the period between 1970 and 1990 African countries borrowed heavily, with their debt becoming unsustainable. The cyclical events of unsustainable debt of the 1980s, when the continent’s debt position stood at more than $270 billion, was attributed to—depending on which side of the fence you’re on—poor governance, corrupt leadership and protracted civil wars in many African countries.

 
SOURCE: https://brandspurng.com/pay-up-africas-euro-bond-debt-is-rising-to-risky-levels/

Why e no go rise with the kind of our leaders

Cant seem to understand the Plan, Borrow till when exactly?

Why is Africa cursed with thieves cum leaders


The only good leader I know in Africa is the President of Rwanda

.

Shit be rising like garri

So if we no pay nkor ?

When there exist and over centralised federal government, the people become shut out of the decision making processes
And its not even a federal government rather its a northern government that works as stooge for the colonial Masters.
If democracy is won by numbers then we in the south are messed up for life because they won't stop reproducing for just only the political advantage in maintaining the status quo.
Northern Nigeria is a perfect example of what the British want the whole country to be, so we can beg to be recolonized once more.
All these have been predicted before now
Its no surprise that the American President said so as well.
Even we Nigerians are begging to be recolonized
We are so stupid we don't know what has hit us.

Why do your leaders run to Chattam and Oval for approval?
You idiots need to realise the whole system is a joke and that is why nothing is working!
Voting has become an illusion because no matter how good the choice we make at the polls, the result is total failure like times past.

Now children unborn are already being made to start working for Debts that improved the life of their parents by 0%.

Who decides?
Did the senators and honorables and the executive we all voted for ask us anything?
This form of governance is wrong and ought to be brought down!

Way to go Nigerians
Way to go Africans
Our stupidity and indifference soars beyond heaven

What role did states play ?

If there are still human beings thinking at all
The only way to go about this is total secrecy.
If anyone sect or group of people are gonna deliver Africans, that sect must definitely belong to the secret societies.

Our old secret societies have all been infiltrated.
Secrecy is the only way to save ourselves
The smart ones are to form a cult
And are to operate from the Shadows.

Period, nothing else can save us
We can only untie ourselves by doing this!

I believe only one African country can pay all the depts with the rich human, mineral and forest resources. But

Corruption, non-practical non-futuristic economy planning, dwindling oil prices, reactive government style are some of the bane of this debt profile inflicting Africa in generality.

Reminds me of a course I did in the 90s as undergrad 'Africa Debt Burden"Truths remains that it is self afflicted and needed not to have happened. But Naija Govt keep declaring borrowing as an achievement.

I think this post isn't properly edited. I'm I the only one seeing it?



At OP..

We are in trouble.

Let the continent economy crash, so it can lead to depopulation

Oh

everybody wants a share of EURO BOND, GHANA,NIGERIA ,KENYA ,GTBANK , FIDELITY BANK,DIAMOND BANK even micro finance banks

NtoAkwaIbom:
So if we no pay nkor ?

You always type like a fool. I hope you're not one.

XXLDICK:
Why is Africa cursed with thieves cum leaders


The only good leader I know in Africa is the President of Rwanda

you forgot ghadaffi, though a tyrant but good