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Risks and challenges of debt-financed development: roots and causes of the rising debt levels in Africa
The Nordic Africa Institute, Research Unit.ORCID iD: 0000-0003-4078-7349
2019 (English)Report (Other academic)
Abstract [en]

As public debts are increasing in many African countries, we see a new type of debt distress, where short-term commercial loans and bonds have replaced some of the long-term multi- and bilateral loans. This policy note highlights two topical questions: what lies behind increasing levels of debt in Africa, and what are the challenges when financing development projects through loans?

Policy recommendations (in short):

  • Debt transparency
  • Better maturity matching
  • Balance revenues and costs
  • Prioritise investment projects and beware of white elephants
  • Reject pro-cyclical fiscal policies
Place, publisher, year, edition, pages
Uppsala: Nordiska Afrikainstitutet, 2019. , p. 7
Series
NAI Policy Notes, ISSN 1654-6695 ; 2019/7
Keywords [en]
Public debt, Loans, Debt crisis, Africa
National Category
Economics
Research subject
Economy
Identifiers
URN: urn:nbn:se:nai:diva-2324ISBN: 978-91-7106-861-3 (electronic)OAI: oai:DiVA.org:nai-2324DiVA, id: diva2:1356880
Available from: 2019-10-02 Created: 2019-10-02 Last updated: 2019-10-02Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf