Debt Sustainability in African HIPCs

Of the 18 countries now at moderate risk, six were Table 1: Risk of Debt Distress (2014 and 2017) Risk of Default 2014 2017 on Debt In Debt Distress (0) (2): Chad, The Gambia. [...] But with global monetary policy Second, while many have relied on high commodity tightening, a strengthening of the US dollar, and prices to support exports and growth, severe having accumulated a larger share of dollar- declines in commodity prices since 2014, including denominated debt in total debt, African HIPCs now a 67 percent decline in oil prices since mid-2014, face a triple adjustment in [...] In 2017, eight Debt Sustainability in African HIPCs: Deteriorating Prospects 5 % of Total External Debt are already either in debt distress (Chad, The Gambia) or at high risk of debt default (Burundi, Cameroon, Central African Republic, Ghana, Mauritania, and São Tomé and Príncipe). [...] By working across disciplines and in partnership with the best With experts from academia, national agencies, peers and experts, we are the benchmark for international institutions and the private sector, influential research and trusted analysis. [...] Copyright © 2017 by the Centre for International Governance Innovation The opinions expressed in this publication are those of the author and do not necessarily reflect the views of the Centre for International Governance Innovation or its Board of Directors.