Is Africa Headed For Another Debt Crisis? Assessing Solvency in a Sluggish Subcontinent
23 Pages Posted: 1 May 2019
Date Written: March 1, 2019
Abstract
Several African countries are headed into another debt crisis, just a decade or so after their slates had been wiped clean by debt relief. This is based on an assessment of country-specific debt dynamics: the debt to GDP ratios, the rate of growth of debt, the terms at which debt is being contracted relative to economic growth rates, and the willingness of governments to run primary budget surpluses if necessary.
Keywords: public debt, middle-income countries, debt crisis, debt dynamics, Sub-Saharan Africa, debt relief
Suggested Citation: Suggested Citation
Gill, Indermit S. and Karakulah, Kenan, Is Africa Headed For Another Debt Crisis? Assessing Solvency in a Sluggish Subcontinent (March 1, 2019). Duke Global Working Paper Series No. 2019/02, Available at SSRN: https://ssrn.com/abstract=3364642 or http://dx.doi.org/10.2139/ssrn.3364642
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