Editorial Board

Africa's Governments Should Be Cautious Borrowers

Sub-Saharan Africa, this year's emerging-market darling, is borrowing furiously in the capital markets. Countries should be careful not to take on too much sovereign debt and become like Greece.
Let's not get too carried away.

Sub-Saharan Africa is this year's emerging-market darling. The region's leaders basked in President Barack Obama's praise at a Washington summit last week. They huddled with captains of American industry and went home with $37 billion in public and private deals.

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