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External Indebtedness Nexus Fiscal Imbalances: Where and how Africa is Losing?

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  • Lot Pato

    (Independent Consultant)

Abstract

In recent years external debt for many African countries has risen significantly. According to the World Bank (2019) external debt stock for sub-Saharan Africa hit an alarming $ US 535 billion in 2017, from a backdrop of $ US 228 billion in 2008; this implies that, the debt has doubled in less than a decade. Many Economists and International Development Experts agree that high debt robs long term growth, by increasing the risk of crisis as well as dampening the scope of counter-cyclical fiscal stimulus, as well as undermining private sector investments.

Suggested Citation

  • Lot Pato, 2019. "External Indebtedness Nexus Fiscal Imbalances: Where and how Africa is Losing?," Africagrowth Agenda, Africagrowth Institute, vol. 16(3), pages 1-18.
    • Handle: RePEc:afj:journ2:v:16:y:2019:i:3:p:18
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