The International Monetary Fund says that debt levels in Sub-Saharan Africa are falling but new funding is hard to come by

Debt levels in Sub-Saharan Africa are set to fall after a string of sovereign defaults, IMF says. But new financing is still expensive and hard to come by, forcing spending cuts. Ivory Coast, Benin and Kenya returned to international capital markets this year with issuances of so-called eurobonds.

Incomes in Sub-Saharan Africa falling further behind rest of world, says IMF. IMF warns of risks from geopolitics, domestic instability and climate change. Income gap widening when accounting for population growth, IMF says. Other developing countries saw real income per person more than triple since 2000.