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Which African country paid off $4.79 billion debt?

The African country that paid off a $4.79 billion domestic debt is Burkina Faso. In 2024, Burkina Faso announced that it had repaid about 3,000 billion CFA Franc, equivalent to approximately $4.79 billion of its national domestic debt. This repayment was done *without external aid from Western countries or international financial institutions*. Instead, Burkina Faso financed this payment by turning inward, issuing bonds to local investors, banks, and businesses, and focusing on domestic economic resources. This move is regarded as a significant step towards financial independence and economic sovereignty for Burkina Faso amid challenging political and security conditions ...

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