Breaking the Trend: Debt Stabilization in Sub-Saharan Africa
April 25, 2025
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Historical experience suggests that stabilizing debt across sub-Saharan Africa is still achievable in most cases, even though debt levels are elevated and vulnerabilities are high.
Countries in the region, over recent decades, have often been able to consolidate (stabilize or reduce) their debt ratios without debt restructuring. Many countries have done so recently, even after the end of the commodity super cycle.
Successful debt stabilization requires measures to strengthen public finances and a sound macroeconomic environment, strong institutions, and pro-growth structural reforms.
Countries in the region, over recent decades, have often been able to consolidate (stabilize or reduce) their debt ratios without debt restructuring. Many countries have done so recently, even after the end of the commodity super cycle.
Successful debt stabilization requires measures to strengthen public finances and a sound macroeconomic environment, strong institutions, and pro-growth structural reforms.
Subject: Asset and liability management, Debt management, Debt reduction, Debt restructuring, Economic classification, Public debt, Public financial management (PFM)
Keywords: Athene law, Debt Consolidation, Debt management, Debt reduction, Debt restructuring, debt stabilization, Economic classification, Economic Growth, Fiscal Policy, Global, IMF analysis, IMF note, IMF staff calculation, Public Debt Management, Sub-Saharan Africa
Pages:
9
Volume:
2025
DOI:
Issue:
001
Series:
IMF Notes No 2025/001
Stock No:
INSEA2025001
ISBN:
9798229008679
ISSN:
2957-4390
