Africa remains ensnared in a debt trap not due to the volume of its debt (3% of global total), but because of how the debt is structured and perceived. This reflects flaws within the global financial architecture.

<p>Despite being the least-indebted continent, Africa remains stuck in a debt trap. The trap does not reflect the volume of debt African countries have accumulated—which is just 3% of the global total—but rather how that debt is structured and perceived, which in turn reflects a flawed global financial architecture.</p>