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The debt trap dilemma of African governments: balancing debt services, food security and development – while avoiding civil unrest
The Nordic Africa Institute, Research Unit.ORCID iD: 0000-0002-6764-1887
The Nordic Africa Institute, Research Unit.
2024 (English)Report (Other academic)
Sustainable development
Agenda 2030: SDG 1, Agenda 2030: SDG 2, Agenda 2030: SDG 8
Abstract [en]

Nearly half of Africa’s economies are on the brink of debt distress. Unlike previous debt crises, the current one is characterised by a shift from multilateral to commercial and bilateral creditors, notably China, and the proliferation of Eurobonds. Pressured by heavy debt burdens, there is a risk that African governments divert funds from essential sectors such as education, health care and agriculture, causing a vicious cycle of stalled development, food insecurity and an elevated risk of socio-political instability.

Place, publisher, year, edition, pages
Uppsala: Nordiska Afrikainstitutet, 2024. , p. 7
Series
NAI Policy Notes, ISSN 1654-6695 ; 2024:3
Keywords [en]
External debt, Indebtedness, Debt servicing, Public finance, Food security, Economic development, Recommendations, Africa south of Sahara
National Category
Economics
Identifiers
URN: urn:nbn:se:nai:diva-2961ISBN: 9789171069108 (electronic)OAI: oai:DiVA.org:nai-2961DiVA, id: diva2:1879789
Available from: 2024-06-28 Created: 2024-06-28 Last updated: 2024-08-14Bibliographically approved

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34567898 of 9
CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • 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