The article discusses Africa's ongoing struggle with recurrent debt crises, even amid robust economic growth. Prominent Gabonese economist Hugues Mbadinga Madiya emphasizes that Africa's challenges are tied to external factors and a poorly designed international financial system that fails to support the continent's growth potential. He argues that the historical context reveals a pattern of crises linked to various global economic shocks, underscoring the importance of understanding these dynamics in addressing current challenges.

Madiya advocates for a shift towards sustainable solutions through patient industrialization that focuses on local transformation and value creation. He suggests that merely managing debt is insufficient; instead, African countries must prioritize developing their own industries and increasing self-reliance to truly escape the debt cycle. The article highlights the significance of measuring debt crises through key indicators, such as the debt-to-GDP ratio and the proportion of debt service to fiscal revenue, which are crucial for assessing a country's financial health.

Ultimately, the piece calls for comprehensive policies that address the root causes of debt crises in Africa by fostering economic diversification and resilience. This approach is seen as essential not only for coping with current financial pressures but also for ensuring long-term economic stability and growth across the continent. It is a plea for a reorientation of financial strategies that align with Africa's unique needs and challenges in the global economy.