Full Description
Public debt has become a defining issue shaping Africa's development trajectory. In recent years, rising borrowing levels, changing creditor structures, global financial tightening, climate financing pressures, and commodity price volatility have reshaped the continent's fiscal landscape. Yet borrowing remains essential for infrastructure, social investment, and structural transformation. The key question is not whether Africa should borrow, but how it can do so sustainably while strengthening economic resilience.
This book provides a rigorous, policy-oriented analysis of debt dynamics across Africa. It examines the drivers of debt accumulation, debt sustainability frameworks, restructuring mechanisms, and concessional financing. It also explores emerging innovations such as Islamic sovereign bonds, ESG integration in debt management, and climate finance instruments.
By offering comparative insights into the interaction between debt, exchange rates, institutional quality, private investment, and macroeconomic stability, the book presents practical strategies for responsible borrowing and long-term fiscal resilience.
Contents
1. The Economics of Debt in Africa: Stakes for Fiscal Stability and Growth.- 2. Drivers of Public Debt Accumulation in African Economies: Insights from Panel Data Analysis.- 3. Debt Sustainability Metrics: Rethinking Indicators for African Economies.- 4. Fiscal Rules and Debt Sustainability in Africa: An Empirical Investigation.- 5. Threshold Effects of Public Debt on Economic Growth in Sub-Saharan Africa.- 6. Examining the Effectiveness of Debt Restructuring Mechanisms in African Countries.- 7. The Role of International Financial Institutions in African Debt Restructuring.- 8. Global Economic Shocks and Debt Vulnerability in African Economies.- 9. Evaluating the Effectiveness of Concessional Loans in Reducing Debt Stress.- 10. The Role of Eurobonds in Financing Africa's Development and Implications for Sovereign Debt.- 11. Green Financing and Climate Bonds: Innovative Tools for Debt Management.- 12. Public Debt and Energy Transitions: Financing Green Energy in Africa.- 13. Debt, Poverty, and Inequality: Unraveling the Social Dimensions of Fiscal Policies.- 14. Corruption, Public Debt, and Economic Growth: The African Experience.- 15. The Role of Sovereign Credit Ratings in Shaping Public Debt Dynamics in Africa.- 16. Public Debt and Exchange Rate Volatility: Implications for Trade and Investment.- 17. The Role of Commodity Price Volatility in Public Debt Sustainability in Resource-Dependent African Countries.- 18. Debt Overhang and Private Investment in Africa: Crowding-Out or Complementarity?.
