Greater access to international capital markets has meant that many African countries now owe a significant share of their debt to private bondholders, traded in secondary debt markets around the world. Assessing sovereign debt challenges for the continent will have to take on different forms, expanding beyond the traditional definitions of debt distress to broader...

There has been a strong wave of Eurobond issuances by Africa’s frontier market economies since the start of the century. But it is not clear how these issuances have affected economic performance. This paper uses synthetic control experiments to conduct comparative case study analysis to assess whether sovereign Eurobond issuances have had the expected impacts on e...

Discussions about green growth transition in Africa have mostly been silent on quantifying Africa's progress and assessing countries' “green" versus “brown" growth performance. We construct a measure of Africa's green growth performance using an emissionsadjusted production technology framework that jointly accounts for the production of desirable and undesirable o...

Based on an optimal oil explorationextraction model with public debts and Chinese loans, we examine analytically and empirically two theoretical propositions pertaining to the impacts of public debt and Chinese loan on economic and physical scarcity/abundance in Africa economies. First, despite a baseline independent relationship between public debt level and optim...