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, and seeks to appreciate facets that continue to lead African states to a debt-default position.

Autorentext

Ndzalama Mathebula is an Assistant Lecturer in the Department of Politics and International Relations and Researcher at the 4IR and Digital Policy Research Unit, Faculty of Humanities, University of Johannesburg, South Africa.

Inhalt

Part 1: Sovereign Risk and its African Facets 1: Sovereign Risk and Debt Crisis in Africa 2: A Historical Review of Debt Crisis and Default in Africa 3: Africa's Political Economy of Debt Part 2: African case studies, South Africa, Ethiopia and Ghana 4: First IMF loan since the dawn of democracy: The case of South Africa 5: The Tigray Tragedy: A case of Ethiopia's default 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? 7: Where to from here? Economic Diversification as the panacea Conclusion