{"id":3584,"date":"2026-04-09T16:31:00","date_gmt":"2026-04-09T16:31:00","guid":{"rendered":"https:\/\/climatevdo.com\/?p=3584"},"modified":"2026-04-15T11:36:55","modified_gmt":"2026-04-15T11:36:55","slug":"americas-war-is-adding-to-africas-debt-burden-by-vera-songwe","status":"publish","type":"post","link":"https:\/\/climatevdo.com\/?p=3584","title":{"rendered":"America\u2019s War Is Adding to Africa\u2019s Debt Burden by Vera Songwe"},"content":{"rendered":"<p><\/p>\n<div dir=\"ltr\" data-scroll-area=\"start\">\n<p>The US-Israeli war against Iran has shown, once again, that when American policy decisions push Treasury yields higher, African sovereigns pay the price. African governments must ensure that this is the last geopolitical crisis that drives up their borrowing costs through no fault of their own.<\/p>\n<\/p><\/div>\n<div dir=\"ltr\" data-page-area=\"article-body\">\n<p data-line-id=\"1823df3ddd7144f0bb892c70b817f672\"> WASHINGTON\u2014One month of war in Iran has added nearly $4.4 billion to Africa\u2019s annual debt burden, enough to build a gigawatt of solar power or 400 kilometers (250 miles) of railway. Yet, as is often the case, this hit to Africa\u2019s finances is not due to new borrowing but rather to the rising cost of capital. With $149 billion in African Eurobonds outstanding, the combined effect of climbing US Treasury benchmarks and widening risk premiums has been to drain between $900 million and $1.2 billion annually from budgets already stretched to the breaking point. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US-Israeli war against Iran has shown, once again, that when American policy decisions push Treasury yields higher, African sovereigns pay the price. African governments must ensure that this is the last geopolitical crisis that drives up their borrowing costs through no fault of their own. WASHINGTON\u2014One month of war in Iran has added nearly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[146,700,697,696,694,699,695,411,693,698],"class_list":["post-3584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-opinion","tag-africa","tag-african-economy","tag-african-eurobonds","tag-debt-crisis","tag-dim-sum-bonds","tag-emerging-markets","tag-geopolitics","tag-iran-war","tag-multilateral-development-banks","tag-us-treasury-yields"],"_links":{"self":[{"href":"https:\/\/climatevdo.com\/index.php?rest_route=\/wp\/v2\/posts\/3584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatevdo.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatevdo.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatevdo.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/climatevdo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3584"}],"version-history":[{"count":1,"href":"https:\/\/climatevdo.com\/index.php?rest_route=\/wp\/v2\/posts\/3584\/revisions"}],"predecessor-version":[{"id":3586,"href":"https:\/\/climatevdo.com\/index.php?rest_route=\/wp\/v2\/posts\/3584\/revisions\/3586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatevdo.com\/index.php?rest_route=\/wp\/v2\/media\/3585"}],"wp:attachment":[{"href":"https:\/\/climatevdo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatevdo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatevdo.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}