Need for cheap capital rises
Even while debt burdens climb toward worrying levels, poor countries need low-cost capital more than ever. Cutting off borrowing is therefore no answer to the risk of borrowing.
Investing
No generic investment destination
Countries in one region differ too much to be judged as a single bloc. Lending and investment risk has to be assessed country by country.
Debt crises halt development
Borrowing is a normal and necessary way for governments everywhere to pay for things. When the borrowing goes wrong, the resulting debt crisis can stop a country's progress outright rather than merely slowing it.