1887

n AfricaGrowth Agenda - External indebtedness nexus fiscal imbalances : where and how Africa is losing?

Volume 16 Number 3
  • ISSN : 1811-5187

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.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/journal/10520/EJC-1843dd18ea
2019-07-01
2019-10-23

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error