COVID-19 - Debt Sustainability Impacts and Economic Rescue Packages Analyses in the Southern African Development Community (SADC) Region
This paper revealed numerous debt sustainability challenges emanating from COVID-19 pandemic. While SADC member countries have put in place various stimulus packages to respond to the pandemic, this will exacerbate the already precarious debt situation in the region. As such, there is need for an amicable debt restructuring programme to avoid or mitigate the social costs associated with servicing debt under difficult macroeconomic conditions. Going forward, there is need for civil society and parliaments to emphasise the need for effective public debt management. Strengthening debt management transparent and reporting will create a culture of responsible borrowing and in the process assist countries to withstand future shocks that have implications on debt sustainability.