<ul data-eligibleForWebStory="false"><li>For the first time in a decade, no African country has a sovereign risk premium in distress territory, marking an improvement in debt metrics.</li><li>The era of widespread debt distress due to cheap borrowing and fiscal policies during the Covid pandemic saw defaults in countries like Zambia, Ghana, Malawi, and Ethiopia.</li><li>Inflation has moderated, countries like Zambia and Ghana have restructured debt, and IMF rescue packages have led to reforms in Sub-Saharan Africa.</li><li>While overall risk premiums have improved continent-wide, challenges remain with countries like Ethiopia in default and individual bonds like Senegal's showing signs of distress.</li></ul>

Africa ends decade of distress as risk spreads fall

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