Financing needs, debt sustainability and the crystal ball

“Zambia is expected to become the SSA region’s first COVID-19-related (albeit not pandemic-originated) distressed debt exchange casualty. We see contagion risk to the broader region emanating from Zambian Eurobond holders’ rejection of the consent solicitation as moderate.”

via NKC African Economics

What does a lockdown cost?

“Our estimates suggest a two-week lockdown extension results in an average three percentage points reduction in annual consumer spending that year. This figure increases to just under nine percentage points if the lockdown is extended by five weeks.”

via NKC African Economics