In the News
African governments issue more sovereign bonds
29th September 2015
A growing number of African governments are going to the bond markets to raise funds for example to facilitate infrastructure projects. Typically the interest rate (or yield) on newly issued bonds is around 4% higher than for advanced countries, but the significant point is that governments have the confidence and sufficiently sound macroeconomic policies to be able to borrow long from the international capital markets.
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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