An improvement in global risk appetite and a sharp fall in emerging market bond yields over the past few months have led to a flurry of planned eurobond issues from countries in sub-Saharan Africa. This has led to some commentators voicing concerns over a return to “original sin”, characterised by excessive borrowing in foreign currency in the region. In this Watch, we explain why, for now at least, these fears look overdone.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services