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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.

This report reviews the economic performance of the 13 countries under the African Development Bank’s East Africa Regional Development and Business Delivery Office: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda.

Africa is severely impacted by the triple crisis of debt, climate change and nature loss. The continent’s debt now stands at more than 70% of GDP. There is potential to address these crises through ‘general purpose’ debt financing linked to climate and nature key performance indicators (KPIs).

The study provides a critical assessment of the implications of COVID-19 pandemic on the country’s fiscal consolidation path and identify alternative policy options for mitigating the high risk of debt distress.

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has conducted the latest survey on All India Debt & Investment Survey during the period January – December, 2019 as a part of 77th round of National Sample Survey (NSS).

The COVID-19 crisis, which has sent economies in South Asia and around the world into a deep recession, has highlighted South Asia’s rising debt levels and sizable hidden liabilities.

The COVID-19 pandemic has worsened the debt vulnerabilities of many low- and medium-income sovereigns.

The triple COVID-19, economic, and climate crisis poses a growing challenge to debt sustainability and financing for climate action. There are growing calls to look for solutions for the three crisis together, notably through “debt-for-climate” swaps.

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