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Zambia, Ghana and Ethiopia have all defaulted since the start of the pandemic; other countries are imposing harsh austerity measures to avoid the same fate.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-world-politics-review wp-block-embed-world-politics-review\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"YRi5rRZIkk\"><a href=\"https:\/\/www.worldpoliticsreview.com\/africa-economy-debt-crisis\/\">African Countries Need a New Economic Model<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;African Countries Need a New Economic Model&#8221; &#8212; World Politics Review\" src=\"https:\/\/www.worldpoliticsreview.com\/africa-economy-debt-crisis\/embed\/#?secret=vhor78yCGr#?secret=YRi5rRZIkk\" data-secret=\"YRi5rRZIkk\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Many countries across Africa are experiencing an economic malaise. What began as a slump for commodity exporters in 2014 became a more general slowdown with the shocks of the COVID-19&hellip;<\/p>\n","protected":false},"author":25,"featured_media":1089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":"","_tec_slr_enabled":"","_tec_slr_layout":""},"categories":[11,26],"tags":[],"ppma_author":[113,98],"class_list":["post-1010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-en","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>African Countries Need A New Economic Model - Development Advisory for Africa | AfriCatalyst<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Countries Need A New Economic Model - Development Advisory for Africa | AfriCatalyst\" \/>\n<meta property=\"og:description\" content=\"Many countries across Africa are experiencing an economic malaise. 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