This policy brief analyses the problems facing Africa related to ‘base erosion and profit shifting’ by multinational corporations. It builds on the Report of the High Level Panel on Illicit Financial Flows (IFFs) from ...

According to the latest list of LIC DSAs for PRGT Eligible Countries, by the IMF, ten countries are currently in debt distress and nine of these are from Africa. In many heavily indebted nations, debt restructuring is ...

African economies are slowly transforming but at a low pace compared to their potential and development aspirations. It is now recognized that one of the contributing factors has been the ineffectiveness of past macroeconomic ...

In Maputo in 2003, the assembly of the African Union resolved to implement the comprehensive Africa agriculture development program and committed themselves to allocating at least 10 per cent of national budgetary resources ...

African countries have been greatly affected by the coronavirus disease (COVID-19) pandemic and by the economic-related repercussions that followed. Countries have put in place various measures to mitigate the adverse ...

The current structure of sovereign debt in many African countries is a matter of increasing concern. Although traditional lenders and multilateral institutions hold a sizeable proportion of the foreign debt of those ...

The COVID-19 pandemic has given rise to a fiscal crisis, in particular in commodity-dependent countries, which had already exhausted their fiscal space through massive infrastructure spending financed largely through ...

SDRs are an international reserve asset issued by IMF and allocated to its member countries to help to supplement their official reserves. IMF unconditionally allocates SDRs to all or some of its membership when it determines ...

During the past two decades, African countries have made notable progress in mobilizing domestic resources to finance their endeavors to achieve the Sustainable Development Goals of the United Nations 2030 Agenda for ...