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Liquidation Of The TOR Debt: Why Securitization Is A Better Option Than Recovery Through Petroleum Prices

"The Legislative Alert argues the current system of levying taxes through fuel price to pay the Tema Oil Refinery Debt is seriously flawed. Not only is the process cumbersome and inefficient, but it also puts an unnecessary burden on consumers. The …

Africa Can And Must Overcome Its Addiction To Foreign Aid

"This Legislative Alert draws attention to African countries’ addiction to foreign aid. It points out that this has not entirely helped the continent’s development because aid has been inadequate and has increased Africa’s indebtedness with consider…

The Perils Of “A Guggisberg Economy”

"More than half a century after independence, the Ghanaian economy remains dependent on cocoa and gold for its survival. The country has failed to diversify the economy's production base all these years. In essence, the economy has retained its col…

Overcoming Africa’s Addiction To Foreign Aid: A Look At Some Financial Engineering To Mobilize Other Resources

The paper points out that African countries have become addicted to foreign aid. This has not, however, entirely helped their development because not only has aid been inadequate but it has also increased Africa’s indebtedness with considerable serv…

The Heavily Indebted Poor Country Initiative: Processes And Issues

"This paper analyzes the Heavily Indebted Poor Countries' Initiative (HIPC) with a focus on the experiences of countries such as Uganda and Bolivia that have had the most experience with the program. It was written at a time when Ghana was consideri…

Is Sudan's Public Debt Sustainable? Preliminary Assessment

The motivation of this study is the recently launched global agenda of SDGs goals (17.4) that proposes to “ Assist developing countries in attaining long-term debt sustainability; this is to be attained through coordinated policies aimed at fosterin…

Botswana's Debt Sustainability: A Brief Narrative

" This paper examines the financial and by extension the economic sustainability of the existing debt using non-technical analysis and a simplified narrative.The motivation of this note was to shed light on the extent to which one should worry abou…

Growth and Foreign Debt: The Ugandan Experience

"This paper analyses Uganda’s external debt problem. Like many other countries in the sub-Saharan Africa, Uganda is a severely indebted low-income country. Uganda’s total debt stock at end June 1993 was estimated at US$2.64 billion, with a debt se…

The Lomé Convention: Where is it heading?

The Lomé convention governs relations between 70 African, Caribbean and Pacific countries, all former colonies of members of the European Union. Most of these countries are in Africa. This update looks at the reasons for the existence of the Conve…

Final Report for African Economic Research Consortium (AERC) Collaborative Research Project on Impact of China-Africa Aid Relations: the Case of Sudan

"This project provides an in-depth case analysis of Chinese aid and development assistance as well as international aid to Sudan and explains that aid constitutes one of the key channels through which the impact of China economic growth are transmit…

Macroeconomic Approach to External Debt The Case of Nigeria

"One of the greatest problems facing many Sub-Saharan African countries today is the amount of their external indebtedness. The external debt problem is becoming more acute for a number of reasons. First, the size of the debt relative to the size…

Making the Millennium Challenge Account Work for Africa

President Bush has been rightly lauded for his visionary initiative to establish a Millennium Challenge Account (MCA) that would increase U.S. resources directed toward the most promising development investments. The administration's proposal to use…

Doing business in Latin America

Economic growth in Latin America has been cyclical. Unsustainable growth rates have earned the region a reputation of being an unstable long-term investment destination. Despite this, enormous business potential exists in Latin America. There are a …

SAIIA Southern Africa Record no 63

This Southern Africa Record contains the following texts: AFRICA – GENERAL: African Charter for Popular Participation in Development and Transformation, Arusha, Tanzania, 12-16 February 1990; The Abidjan Declaration on Debt Relief, Recovery and Demo…

Think Small: The Example of Small Grants, in Madagascar

"Small grants are out of fashion – in big countries. As G8 industrialised nations move towards their target of doubling foreign aid to Africa by 2010, development policy has been revamped to accommodate a steep increase in aid budgets. Big money ne…

Debt Sustainability Analysis: National Consultation - Uganda

"Unsustainable debt has contributed to the social problems facing the Highly Indebted Poor Countries (HIPCs) and non-HIPC countries alike. Not only has it slowed economic growth, it has also restricted the “fiscal space” available for investment in …

Domestic Debt Management in Africa: The Case of Zambia

"This study has made a number of pertinent observations. Significant is that domestic debt in Zambia has, in the past five years, been increasing at a high rate in nominal terms but in GDP terms has been on the decline. This is against a background …

Ecological Debt: The Case of Tanzania

"This study clearly demonstrates Tanzania’s ecological debt by analysing the concept in the Tanzanian context. The study demonstrates how Tanzania, as a country has taken up activities that are ecologically destructive in-order to meet her debt obli…

The PRGF and Fiscal Space in Malawi

"The purpose of this study is to assess whether the fiscal space in Malawi has increased as a result of the implementation of the Poverty Reduction and Growth Facility (PRGF) programme and, if so, whether it has contributed to the implementation of …

Domestic Debt Management in Africa: The Case of Ghana

"This report analyses the development in public domestic debt in Ghana, and its impact on the economy for the period 2000 to 2009 with the objective of looking at the institutional framework regarding the budgetary process, uses of public funds and …

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