1887

Economic Development in Africa Report 2016

Debt Dynamics and Development Finance in Africa

image of Economic Development in Africa Report 2016
Africa has major development aspirations in the broader context of a global and continental economic development agenda. This calls for substantial financial resources at a time when the global development finance landscape is changing, from a model centred on official development assistance and the coverage of remaining financing needs through external debt, to a framework with greater emphasis on the mobilization of domestic resources. The Economic Development in Africa Report 2016 examines some of the key policy issues that underlie Africa’s domestic and external debt, and provides policy guidance on the delicate balance required between financing development alternatives and overall debt sustainability. This report analyses Africa’s international debt exposure and how domestic debt is increasingly playing a role in some African countries as a development finance option, and also examines complementary financing options and how they relate to debt.

English French

.

External debt dynamics and debt sustainability in Africa

This chapter focuses on external debt in Africa and on current debt sustainability issues. The first part presents some definitions of external debt and the second part presents some stylized facts on external debt, followed by an analysis of the main drivers behind external debt accumulation. The third part outlines the major determinants of debt sustainability and analyses current debt sustainability frameworks. The final part concludes with a summary of the main findings.

English French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error