Publications /
Policy Paper

Back
Africa’s Rising Debt: Implications for Development Financing and a Sustainable Debt Management Approach
Authors
Olalekan Samuel
Mma Amara Ekeruche
Adedeji Adeniran
February 12, 2019

This study was carried out within the framework of the Global Economic Governance Africa (GEGAfrica) funded by the UK Department for International Development.

The GEGAfrica programme is a policy research and stakeholder engagement aimed at strengthening the influence of African coalitions at global economic governance forums and increase, inter alia, the visibility and the outreach of African views at the regional and worldwide levels. Policy Center for the New South was requested to contribute to the study and share its view over mainly the Moroccan authorities’ experience in conducting their fiscal policy. Policy Center for the New South and GEGA have organized a dissemination event in Rabat to share the first findings and gather viable feedbacks from different stakeholders, such as government institutions, academia and think tanks.

RELATED CONTENT

  • Authors
    Mohamed Hamza Sallouhi
    March 23, 2016
     Partie 1. Le ralentissement économique de la Chine : une transition inquiétante  L’incertitude sur les marchés financiers, la transition de l’économie chinoise vers un modèle de croissance moins extraverti et le ralentissement du rythme de la croissance des pays émergents, sont autant de facteurs qui fragilisent considérablement une croissance mondiale durable et synchronisée. Dans ce contexte, l’OCP Policy Center a tenu une table ronde animée par Patrick Artus, Economiste en Chef ...
  • Authors
    Zouhair Aït Benhamou
    March 2, 2016
    Discrepancies in output fluctuations between emerging and developed economies are well documented in the literature. Differences however within developing economies have not been sufficiently scrutinised. This paper argues that global and regional shocks primarily drive the business cycle in emerging economies, and provides estimated results for cycle variance decomposition. The paper also offers a theoretical framework to check on the set of stylized facts common and specific to em ...
  • Authors
    December 23, 2015
    Global economic growth is likely to be a little better in 2016 than this year’s lackluster outcome. The ongoing slow recovery in the United States and Europe is likely to continue. However, weakness in China as well as several large emerging markets, and sluggishness of world trade, mean that risks are weighted on the downside of this forecast. Morocco, which is reliant on European markets, is a heavy importer of oil, and whose currency has devalued in effective terms, should find t ...
  • Authors
    Karim El Mokri
    Aziz Ragbi
    Said Tounsi
    November 23, 2015
    The issue of a powerful fiscal policy comeback is not only being debated in Europe. It is also interesting for Morocco, in many respects. If in Europe there is controversy between the proponents of the structural budgetary balance rule and critics of restrictive policies in the context of major financial and recessive shocks, in the South of the Mediterranean fiscal policy is caught between the multiple social and economic requirements and the constraint of sustainability. ...
  • Authors
    Edité par:
    Karim El Mokri
    Aziz Ragbi
    Said Tounsi
    November 23, 2015
    Depuis le déclenchement de la crise économique et financière internationale, la politique budgétaire a connu un vif regain d’intérêt dans les arènes académiques et dans les débats des policy-makers, aussi bien dans les pays avancés que ceux en voie de développement. Pour un pays en voie de développement comme le Maroc, l’importance de la politique budgétaire réside dans le potentiel qu’elle offre en matière de stabilisation du cycle économique et de relance de l’activité en période ...