In her May 2025 article for Project Syndicate, Hanan Morsy, Deputy Executive Secretary and Chief Economist at the United Nations Economic Commission for Africa (ECA), highlights the urgent need for comprehensive reforms in the global financial system to address Africa’s escalating debt crisis and the continent’s Sustainable Development Goals (SDG) funding gap.
She underscores that 40% of African nations are either in debt distress or at high risk, with many allocating more funds to debt servicing than to essential sectors like health and education . Morsy proposes a three-part strategy: securing affordable financing, establishing fair debt frameworks, and boosting domestic revenue through better tax systems and capital markets.
