SPECIAL REPORT: AFRICA’S THREE-SPEED ECONOMIC TRACK HEADING OUT OF THE PANDEMIC

   Tue, 19 October 2021

October’s IMF and World Bank annual meetings may have been overshadowed by geopolitical rivalries, but the message for Africa is that the continent is now on a three-speed economic track heading out of the pandemic and that debt sustainability risks will rise from next year. Debt restructuring will again play into these same geopolitical rivalries, while western support on climate change adaptation may further increase debt burdens for African governments. PANGEA-RISK seeks to make sense of the Bretton Woods institutions’ mixed messaging on Africa in this special report, which also ties economic and sovereign debt projections to our newly updated bespoke country risk ratings.