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The debt trap dilemma of African governments : balancing debt services, food security and development – while avoiding civil unrest
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- Abu Hatab, Assem (author)
- Nordiska Afrikainstitutet,Research Unit
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- Riaz, Tabeer (author)
- Nordiska Afrikainstitutet,Research Unit
- Orkoh, Emmanuel (author)
- (creator_code:org_t)
- ISBN 9789171069108
- Uppsala : Nordiska Afrikainstitutet, 2024
- English 7 s.
- Series: NAI Policy Notes, 1654-6695 ; 2024:3
- Reports (other academic/artistic)
Abstract
Subject headings
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- Nearly half of Africa’s economies are on the brink of debt distress. Unlike previous debt crises, the current one is characterised by a shift from multilateral to commercial and bilateral creditors, notably China, and the proliferation of Eurobonds. Pressured by heavy debt burdens, there is a risk that African governments divert funds from essential sectors such as education, health care and agriculture, causing a vicious cycle of stalled development, food insecurity and an elevated risk of socio-political instability.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- External debt
- Indebtedness
- Debt servicing
- Public finance
- Food security
- Economic development
- Recommendations
- Africa south of Sahara
Publication and Content Type
- vet (subject category)
- rap (subject category)
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