Sovereign Debt: A Critical Challenge

“Today, the earlier fear of a dangerous lack of liquidity has been replaced in large part by concerns about the ability of the international financial architecture to support countries with increasing levels of debt and uncertain access to capital. One worrisome aspect seems clear: Many countries will require debt relief in the next few years if they are to maintain or restore access to financial flows. Higher interest rates in advanced economies, and the United States in particular, could compound the difficulties of emerging market countries in servicing existing debt and refinancing maturing debt.”

via Bretton Woods Committee

Sub-Saharan Africa: The devastating impact of conflicts compounded by COVID-19

“Across the region, the devastating impact of armed conflict in countries such as Ethiopia, Mozambique, Cameroon, and Nigeria, was compounded by the pandemic as a number of states weaponized it to crack down on human rights. The crackdowns included killings of civilians and arrests of opposition politicians and supporters and human rights defenders and activists in countries such as Angola, Guinea, and Uganda.”

via Amnesty International

Towards shock-responsive social protection: lessons from the COVID-19 response in Ethiopia

“National and international restrictions to combat the spread of COVID-19 led to an economic downturn in Ethiopia which is likely to have pushed an additional 15 million people below the poverty line.”

via Maintains

How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments

“China is the world’s largest official creditor, but we lack basic facts about the terms and conditions of its lending. Very few contracts between Chinese lenders and their government borrowers have ever been published or studied. This paper is the first systematic analysis of the legal terms of China’s foreign lending.”

via Aid Data, CGD, Kiel Institute, and PIIE

IMF COVID-19 Emergency Loans: A View from Four Countries

“An in-depth analysis of Cameroon, Ecuador, Egypt and Nigeria and found mixed results in meeting the IMF’s transparency commitments. There remained inconsistencies in the types of measures to which governments committed, their implementation, and the role of the IMF in ensuring compliance. The transparency commitments in the emergency loans spurred all four governments to produce information about their spending and contracts that they would have otherwise not published. However, the amount, accessibility, and quality of the disclosed information varied widely and was inadequate for meaningful oversight for any of the four countries.”

via Transparency International

Direct and Indirect Health Effects of Lockdown in South Africa

“The net health effect of COVID-19 lockdowns in South Africa cannot yet be assessed because causes of death data have not been made available. There is reason to anticipate significant future health consequences of lockdown.”

via Center for Global Development

Effects of the COVID-19 Pandemic on Health Services and Mitigation Measures in Uganda

“The lockdown reduced access to health services while institutional mortality fell due to reduced number of patients. There is need to emphasize other mitigation measures rather than lockdowns.”

via Center for Global Development

COVID-19 impact? Ugandans grow more discontent with economic and living conditions

“Uganda’s economy has been hit hard. Its real gross domestic product (GDP) grew by just 2.9% during the year ending in June 2020, less than half the 6.8% rate reported for the previous year.”

via Afrobarometer

The first and second waves of the COVID-19 pandemic in Africa: a cross-sectional study

“Our analysis showed that the African continent had a more severe second wave of the COVID-19 pandemic than the first, and highlights the importance of examining multiple epidemiological variables down to the regional and country levels over time.”

via The Lancet

Surviving lockdown in the Central African Republic

“The food insecurity brought about by the COVID-19 measures was devastating and compounded an already precarious situation.”

via Norwegian Refugee Council