Debt crises and sovereign risk in Africa

"This book examines the resurgence of debt crises in Africa following the Covid-19 pandemic. It deciphers the debt crisis phenomenon through the discourse of sovereign risk, which has been paid insufficient attention within the African context. It seeks to appreciate facets that continue to lea...

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Bibliographic Details
Main Author Mathebula, Ndzalama (Author)
Format Electronic eBook
LanguageEnglish
Published New York : Routledge, 2025.
SeriesRoutledge studies in development economics.
Subjects
Online AccessFull text
ISBN9781003569138
1003569137
9781040370445
1040370446
9781040370452
1040370454
9781032941387
9781032941394
Physical Description1 online resource.

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245 1 0 |a Debt crises and sovereign risk in Africa /  |c Ndzalama Mathebula. 
264 1 |a New York :  |b Routledge,  |c 2025. 
300 |a 1 online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a Routledge studies in development economics 
505 0 |a Part 1: Sovereign Risk and its African Facets -- Chapter 1: Sovereign Risk and Debt Crisis in Africa -- Chapter 2: A Historical Review of Debt Crisis and Default in Africa -- Chapter 3: Africa's Political Economy of Debt -- Part 2: African case studies, South Africa, Ethiopia and Ghana -- Chapter 4: First IMF loan since the dawn of democracy: The case of South Africa -- Chapter 5: The Tigray Tragedy: A case of Ethiopia's default -- Chapter 6: Ghana the Willing Victim: 17th time approaching the IMF since independence in 1957: -- The case of Ghana and the IMF Loan -- Part 3: What does this mean for development in Africa? -- Is Economic Diversification the Remedy? -- Chapter 7: Where to from here? Economic Diversification as the panacea -- Conclusion. 
506 |a Plný text je dostupný pouze z IP adres počítačů Univerzity Tomáše Bati ve Zlíně nebo vzdáleným přístupem pro zaměstnance a studenty 
520 |a "This book examines the resurgence of debt crises in Africa following the Covid-19 pandemic. It deciphers the debt crisis phenomenon through the discourse of sovereign risk, which has been paid insufficient attention within the African context. It seeks to appreciate facets that continue to lead African states to a debt-default position. The book focuses on the pre-stages of default and debt default risks. It explores and investigates whether South Africa was and continues to be financially capable of servicing its International Monetary Fund (IMF) loan, granted in 2020 for the COVID-19 pandemic. While investigating how and why Ethiopia and Ghana have already defaulted on their post-pandemic loans from the IMF. It examines the idea of sovereign risk in Africa through a qualitative methodology and a case study research design, analyzing three countries borrowed from the IMF in 2020 or later, mainly prompted by the pandemic. The book distinguishes between African states that have not yet defaulted and those that have already defaulted on their debt servicing. Namely, South Africa, Ethiopia, and Ghana, two of which have already defaulted on their loan. The book also notes the resurgence of the IMF within the African continent while assessing the past narrative and impact of the international monetary system and how it has changed in the post-pandemic era. However, economic diversification has been noted as a prominent remedy that holds the potential of strengthening African economies and aiding their eradication of the debt crisis. The book is designed to appeal to numerous reading communities, namely scholars, researchers, advanced students and policymakers"--  |c Provided by publisher. 
588 |a OCLC-licensed vendor bibliographic record. 
610 2 0 |a International Monetary Fund  |z Africa, Sub-Saharan. 
650 0 |a Debts, Public  |z Africa, Sub-Saharan. 
650 0 |a Debts, External  |z Africa, Sub-Saharan. 
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655 9 |a electronic books  |2 eczenas 
830 0 |a Routledge studies in development economics. 
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