None

The aim of this research is to assist the African Natural Resources Management and Investment Centre (ANRC), an entity of the African Development Bank (AfDB), to meet its commitment to advise regional member countries (RMCs) on important aspects of natural resource management and to ensure nature fully supports Africa’s future economic developme

This report analyses the intersection of HIV, COVID-19 and public debt in developing countries. The collision between COVID-19 and a crippling debt crisis have reversed decades of progress - putting present and future investments in health and HIV at risk. Pragmatic options to address the pandemic triad are proposed.

This report looks at how debt and climate change are threatening the future of Small Island Developing States (SIDS), and suggests calls to action to help tackle these challenges. The oceans are scattered with small islands, dots on the world map that have too often been ignored. Yet they are home to sixty-five million people.

Developing countries — especially least developed countries (LDCs) and Small Island Developing States (SIDS) — face huge challenges in financing their current climate and nature needs.

Sixty per cent of low-income countries are already in or at high risk of debt distress, while the global economic and debt sustainability outlook is quickly deteriorating due to higher interest rates, higher food prices and depreciating currencies.

Investment is an important driver of economic growth with important implications for debt sustainability. Investment efficiency gaps adversely impact debt sustainability in Africa.

Central African governments introduced several socioeconomic measures after COVID-19 first surfaced. CEMAC countries and the Democratic Republic of Congo enacted stimulus measures equivalent to several percentage points of GDP, combining tax relief and liquidity injections with spending for public health measures and social sectors.

Assuming the COVID-19 pandemic ends or that successful vaccination programs are implemented, Southern Africa is projected to grow 3.2 percent in 2021 and 2.4 percent in 2022. But this recovery will be inadequate given the region’s estimated 6.3 percent contraction in 2020.

Real gross domestic product growth in North Africa was largely negative in 2020, at -1.1% with a -5.1 percentage point drop over 2019, the African Development Bank’s 2021 edition of the North Africa Economic Outlook reports.

This report complements the African Development Bank’s African Economic Outlook 2021, providing more detail on West Africa’s economic situation and growth prospects in the face of the COVID-19 pandemic. It also analyzes public debt in West African countries and explores financing options.

Pages