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"The study begins with an overview of the legal and economic environment of four countries, namely Benin, Burkina Faso, Mali and Senegal, all of which have the common characteristics of being both members of UEMOA and parties to the OHADA Treaty. T…
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There is a growing concern from a number of analysts who believe that the true level of public debt may be higher than what is being reported officially. The cover story in this newsletter strives to provide insights on the growing concern of “hidd…
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Presently, 19 African countries have exceeded the 60% debt-to-gross domestic product (GDP) threshold prescribed by the African Monetary Co-operation Programme (AMCP) for developing economies, while 24 have surpassed the 55% debt-to-GDP ratio suggest…
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Africa’s growing public debt has sparked a renewed global debate about debt sustainability on the continent. This is largely owing to the emergence of China as a major financier of African infrastructure, resulting in a narrative that China is using…
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Developing countries, especially in Africa must establish appropriate and dynamic legal frameworks and structures that are responsible for coordinating and managing public debt. All public loan contraction and debt management rules and regulations m…
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Developing countries, especially in Africa must establish appropriate and dynamic legal frameworks and structures that are responsible for coordinating and managing public debt. All public loan contraction and debt management rules and regulations m…
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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…
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The level of Uganda’s public debt has created doubts regarding the government’s sustained ability to repay. This is because of both the rapidly increasing debt accumulation as well as share of interest payments in the national budget. The brief exam…
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The two most important facts about the South African economy over the past decade are that growth has been exceptionally disappointing and this has been accompanied by a vast build-up of public sector debt. The two trends are linked: slow growth dro…
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The most striking facts about the trajectory of SA’s economy since the global financial crisis are the low rate of economic growth and the vast increase in the pile of public debt. These phenomena are linked in two ways. If economic growth had bee…
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Nigeria’s total public debt stock rose continuously from NGN8.32 trillion in September 2013 to NGN22.7 trillion in March 2017. The high debt made the World Bank and the International Monetary Fund (IMF) warn the country of the economic consequences …
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After the global financial and economic crisis of 2008, there has been a substantial increase in sovereign bond issuance in Sub Saharan Africa. The total value of bonds issued increased by over 620% from $1 billion in 2011 to $6.2 billion in 2014.…
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This policy brief proposes a set of recommendations on the alignment of the legislation impacting Public Finance Management in Zimbabwe. According to the Public Expenditure and Financial Accountability (PEFA) Secretariat, public finance management e…
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As a reform strategy, the G20 Compact with Africa (CwA) framework has the potential to support Zimbabwe’s economic transformation agenda. It is relevant to both the re-engagement agenda and the Transitional Stabilisation Programme (TSP) to turn arou…
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Zambia’s current legal framework for public debt management is inadequate. The high level of external debt standing at US$11.2 billion and domestic debt at K80.2 billion due to fast pace of debt contraction; the resulting heightened risk of debt dis…
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