On the Impact of External Debt and Aid on Public Expenditure Allocation in Sub-Saharan Africa after the Launch of the HIPC Initiative

Maria Quattri and Augustin Fosu ()

No wp-2012-042, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In the wake of the current financial and economic crises, the economies of sub-Saharan Africa find themselves squeezed between likely reductions in official development assistance and the pressing challenge to eradicate poverty. Public expenditure allocation to the social sector and to public investment is constrained by the need to pursue fiscal discipline in order to avert debt distress.

Keywords: Public debt; Economic assistance and foreign aid; Fiscal policy; Government spending policy; Public investments (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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Working Paper: ON THE IMPACT OF EXTERNAL DEBT AND AID ON PUBLIC EXPENDITURE ALLOCATION IN SUB-SAHARAN AFRICA AFTER THE LAUNCH OF THE HIPC INITIATIVE (2012)
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