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Inside Africa’s debt toolkit

EPISODE · Feb 25, 2026 · 38 MIN

Inside Africa’s debt toolkit

from DebtTalks · host Sciences Po

In this episode Paola Subacchi and Barthélemy Faye explore the shifting landscape of finance for development in Africa. As countries expand their access to capital markets and diversify funding sources, new financial tools are reshaping how debt is managed. At the forefront are debt swaps, which replace expensive debt with cheaper, more flexible financing – creating fiscal space while supporting critical development priorities.Hosts & GuestsPaola Subacchi is Professor and Chair in Sovereign Debt and Finance at Sciences Po, and Professor of Political Economy of Europe at the University of Bologna. She is also a partner at Essential Economics, a London-based consultancy that advises governments, international organisations, and private companies.Barthélemy Faye is a Partner at Cleary Gottlieb Steen & Hamilton LLP His practice focuses on corporate and financial matters and Africa-related transactions, including energy and natural resources projects, financings, acquisitions and JVs, private equity, and sovereign debt.Production Paola SubacchiCoordination Nathalie CorvéeMusique Nils BertinelliHosted on Ausha. See ausha.co/privacy-policy for more information.

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Inside Africa’s debt toolkit

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