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on Africa |
| By: | Manger, Mark S.; Mihalyi, David; Panizza, Ugo; Rescia, Niccolò; Trebesch, Christoph; Wong, Ka LoK |
| Abstract: | This paper introduces the African Debt Database (ADD) - a new, comprehensive dataset that traces both domestic and external debt instruments at a granular level. The main innovation is a detailed mapping of Africa's domestic debt markets, drawing on rich, new data extracted from government auction reports and bond prospectuses. The database covers over 50, 000 individual government loans and securities issued by 54 African countries between 2000 and 2024, amounting to a total of USD 6.3 trillion in debt. For each instrument, it provides harmonized micro-level information on currency, maturity, interest rates, instrument type, and creditor. The data reveal the growing dominance of domestic debt in Africa - albeit with substantial cross-country variation. Four stylized facts stand out: (i) the rapid expansion of domestic debt markets, especially in middle-income countries; (ii) the wide dispersion in bor-rowing costs and real interest rates; (iii) large cross-country differences in maturity structures and associated rollover risks; and (iv) a rising debt-service burden, particularly due to international bonds. Generally, this project shows that debt transparency is both feasible and valuable, even in data-scarce environments. |
| Keywords: | Sovereign Borrowing, Public Debt, Development Finance, Domestic Markets, Africa |
| JEL: | F34 H63 O55 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:ifwkwp:331879 |
| By: | Matthieu Boussichas (FERDI - Fondation pour les Etudes et Recherches sur le Développement International); Clara Pugnet (FERDI - Fondation pour les Etudes et Recherches sur le Développement International) |
| Abstract: | The African Development Fund (ADF) is much less active than the World Bank's IDA in Africa. This predominance of the IDA is only found in Africa. In fact, disbursements by other major regional banks exceed those of the World Bank in their respective regions (Central America and the Caribbean, South America, Asia, Oceania). This shortfall in concessional resources in Africa is not offset by non-concessional or slightly concessional funds. Why is there such a shortfall? Why is it specific to Africa? The document seeks to identify the reasons for this situation, whether institutional, political, or technical. The document begins with a descriptive statistical analysis of the relative weight of each major regional development bank compared to the World Bank in each major region, and its evolution over the last 20 years, distinguishing between concessional and non-concessional resources. To interpret these figures, it then examines three hypotheses already put forward by Nancy Birdsall in a 2018 article. |
| Keywords: | Africa, Development banks, World bank |
| Date: | 2025–10–27 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05333536 |
| By: | Mabrouki, Mohamed |
| Abstract: | This study examines the synergistic effects of digitalization and financial development on inclusive growth in Sub-Saharan Africa. Using a balanced panel from 13 countries (2000–2022) and the Pooled Mean Group Vector Error Correction Model (PMG-VECM), we establish a robust long-run equilibrium. Findings reveal digitalization (Internet penetration) and institutional quality as the strongest drivers, with elasticities of 0.084 and 0.424, respectively. Financial development shows a moderate positive effect (0.075), while investment and trade openness present counterintuitive negative coefficients, suggesting structural inefficiencies. A significant error correction mechanism confirms convergence towards long-run equilibrium at a 19.5% annual speed. As the first comprehensive application of PMG-VECM to this nexus in SSA, this study provides methodologically robust evidence that distinguishes short-run dynamics from long-run effects. The results underscore the necessity for integrated, long-term policies that simultaneously advance digital infrastructure, financial sector deepening, and institutional quality to foster inclusive growth. |
| Keywords: | 1. Digital Transformation 2. Financial Development 3. Inclusive Growth 4. PMG-VECM 5. Sub-Saharan Africa 6. Institutional Quality 7. Panel Cointegration |
| JEL: | O55 |
| Date: | 2025–03–01 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:126558 |
| By: | Fernández, Violeta; Pietrelli, Rebecca; Torero, Maximo |
| Abstract: | Digital agriculture offers promising solutions to meet growing food demands. Investigating whether targeting youth in digital agriculture affects the adoption of good practices is a topic that has been overlooked but holds critical implications for policymakers. This study explores whether providing agricultural information via digital technologies to adolescents can influence household adoption of improved agricultural practices. Leveraging a Randomized Control Trial (RCT) conducted in collaboration with a secondary school in rural Uganda, we examined the transmission of knowledge from students to household members and assessed adoption rates and food loss reductions. To the best of our knowledge, our research is the first to focus on the effectiveness of digital technologies aimed at youth in promoting agricultural practices in Africa, particularly affordable basic farming techniques essential for vulnerable and poorer farmers. Our most conservative estimates indicate that households exposed to agricultural videos through computer classes showed substantial gains in knowledge (with a 16% increase). We find a modest effect on adoption rates, with households whose students were exposed to agricultural videos in the classroom showing twice as much adoption rates than those who were not. We speculate that the joint decision-making process could be a constraint on adoption. Interestingly, the intervention had a greater effect on poorer households and those with more traditional values, indicating that strong family ties may be a pathway for the impact. The insights contribute to bridging the gap between behavioral economics and agricultural adoption, offering practical implications for sustainable agricultural development strategies. |
| Keywords: | Institutional and Behavioral Economics, Research and Development/Tech Change/Emerging Technologies, Research Methods/Statistical Methods |
| Date: | 2024–07–26 |
| URL: | https://d.repec.org/n?u=RePEc:ags:iaae24:344380 |
| By: | Adeyanju, Dolapo; Ejima, Joseph; Balana, Bedru; Mburu, John |
| Abstract: | This study addresses the gap in understanding the impact of agribusiness empowerment programmes on youth business performance in developing countries, taking the case of the ENABLE-TAAT programme in Kenya and Uganda. A multistage sampling technique was used in obtaining primary agribusiness-level data from a sample of 1003 young agripreneurs from the study countries. An Endogenous Treatment Effect Regression (ETER) model was used to identify factors influencing programme participation and impact on youth agribusiness performance. Results show that marital status, agribusiness experience, asset value, credit access, residence, prior programme awareness, and perception were the key determinants of participation. The ETER results chow that participation in the programme significantly increased youth’s agribusiness income by 7 percent and food security by 76 percent, with participants having higher asset value than non-participants. Based on these findings, we suggest policy interventions or programmes focusing on youth agribusiness empowerment, particularly those that target young actors along different agricultural value chains. We also suggest interventions geared towards mitigating constraints to credit access by young agripreneurs to ease barriers to working capital and business innovation. To increase access and participation, we recommend strategies to improve youth perception and raise awareness of these programmes. |
| Keywords: | Agribusiness |
| Date: | 2024–07–26 |
| URL: | https://d.repec.org/n?u=RePEc:ags:iaae24:344394 |