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Where credit is due : how Africa's debt can be a benefit, not a burden / Gregory Smith.
- Format:
- Book
- Author/Creator:
- Smith, Gregory, 1950- author.
- Series:
- Oxford scholarship online.
- Oxford scholarship online
- Language:
- English
- Subjects (All):
- Debts, External--Africa.
- Debts, External.
- Economic history.
- Physical Description:
- 1 online resource : illustrations (black and white).
- Place of Publication:
- New York, NY : Oxford University Press, [2021]
- Summary:
- Borrowing is a crucial source of financing for governments all over the world. If they get it wrong, then debt crises can bring progress to a halt. But if it's done right, investment happens and conditions improve. African countries are seeking calmer capital, to raise living standards and give their economies a competitive edge. The African debt landscape has changed radically in the first two decades of the twenty-first century. Since the clean slate of extensive debt relief, states have sought new borrowing opportunities from international capital markets and emerging global powers like China. The new debt composition has increased risk, exacerbated by the 2020 coronavirus pandemic: richer countries borrowed at rock-bottom interest rates, while Africa faced an expensive jump in indebtedness.
- Notes:
- Includes bibliographical references and index.
- Includes index.
- Description based on print version record.
- ISBN:
- 0-19-764421-X
- 0-19-764400-7
- 0-19-763304-8
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