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

Lot Pato ()
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Lot Pato: Independent Consultant

Africagrowth Agenda, 2019, vol. 16, issue 3, 18

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.

Date: 2019
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