Ivory Coast's successful Eurobond issuance raises hopes for easing Africa's funding squeeze
For almost two years, the Sub-Saharan African economies have not received financing from international bond markets. Last week, there was a positive turn, as Ivory Coast successfully issued two Eurobonds. This raises hopes that the financing and debt crisis in Sub-Saharan Africa will begin to ease.The Covid-19 pandemic, the political uncertainty caused by the war in Ukraine, the globally increased prices and especially the increased interest rates in the United States and the appreciation of the US dollar have caused a severe funding gap to African countries. Together with the rise in