G2TT
来源类型Briefing papers
规范类型简报
Africa's rising debt: how to avoid a new crisis
Shakira Mustapha and Annalisa Prizzon
发表日期2018
出版年2018
语种英语
概述This paper offers an overview of the risks faced by sub-Saharan African countries as they try to keep their debt on a sustainable track.
摘要

Almost 40% of countries in sub-Saharan Africa are in danger of slipping into a major debt crisis. The number of countries at high risk of debt distress – 18 in all – has more than doubled since 2013, while eight countries are already in distress.

This briefing note offers policy-makers and practitioners an overview of the risks faced by sub-Saharan African countries as they try to keep their debt on a sustainable track, particularly the challenges relating to relatively new sources of finance. Based on this evidence, we recommend critical reforms for both borrowers and lenders to ease vulnerabilities and build resilience into debt management.

Key messages:

  • Responsible debt management requires transparency and information-sharing among borrowers and lenders, but this remains a challenge, exacerbated by the rise of new lenders and more complex types of debt financing.
  • State-contingent debt instruments with official sector support from lenders can build fiscal resilience to exogenous shocks.
  • Further strengthening debt management capacity and analytical tools for debt management in sub-Saharan Africa remains a priority, and requires up-front country ownership and political commitment, as well as commitment from donors and technical assistance providers.
主题public finance ; financial crisis ; development finance ; sub-Saharan Africa
URLhttps://www.odi.org/publications/11221-africas-rising-debt-how-avoid-new-crisis
来源智库Overseas Development Institute (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/510220
推荐引用方式
GB/T 7714
Shakira Mustapha and Annalisa Prizzon. Africa's rising debt: how to avoid a new crisis. 2018.
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