Publications /
Policy Paper

Back
Download PDF
Africa’s Rising Debt: Implications for Development Financing and a Sustainable Debt Management Approach
Authors
Abdelaaziz Ait Ali
Badr Mandri
Tayeb Ghazi
Olalekan Samuel
Mma Amara Ekeruche
Adedeji Adeniran
February 12, 2019
Related topics: 
Economy
Macroeconomics and regulation
Africa

This study was carried out within the framework of the Global Economic Governance Africa (GEGAfrica) funded by the UK Department for International Development.

The GEGAfrica programme is a policy research and stakeholder engagement aimed at strengthening the influence of African coalitions at global economic governance forums and increase, inter alia, the visibility and the outreach of African views at the regional and worldwide levels. Policy Center for the New South was requested to contribute to the study and share its view over mainly the Moroccan authorities’ experience in conducting their fiscal policy. Policy Center for the New South and GEGA have organized a dissemination event in Rabat to share the first findings and gather viable feedbacks from different stakeholders, such as government institutions, academia and think tanks.

RELATED CONTENT

  • Download PDF
    Current Account Adjustments and Exchange Rate Arrangements: What Regime for African Countries?
    Authors
    Abdelaaziz Ait Ali
    Mohamed Obaidy
    May 30, 2019
    This paper empirically examines the impact of exchange rate arrangements on current account imbalances within the African context. Following Friedman’s hypothesis (Friedman, 1953), we test the propositions stating that flexible exchange rate regimes limit the magnitude of real external shocks and permit smoother adjustments of external imbalances. Using a new de facto exchange rate regime classification, we employ two empirical methodologies to test this hypothesis: we first apply a ...
  • Download PDF
    CyclOpe - Bilan 2018 et Prévisions 2019
    Authors
    Philippe Chalmin
    February 27, 2019
    Rarement, autant qu’en 2018, les marchés mondiaux de matières premières et de commodités auront été lle jouet non pas des tendances des « fondamentaux » (offre/demande et leur évolution), mais bien des convulsions d’une situation géopolitique mondiale qui, sous la houlette quelque peu déréglée des États-Unis de Donald Trump, a été particulièrement imprévisible. En effet, si 2018 restera dans les annales des marchés, c’est bien parce que les matières premières se sont retrouvées au p ...
  • Download PDF
    Les cycles économiques ont-ils un effet asymétrique sur le chômage et la pauvreté ? Cas du Maroc
    Authors
    Hamza Saoudi
    February 20, 2019
    Ce papier évalue les effets asymétriques des cycles économiques sur le chômage et la pauvreté au Maroc, à travers un modèle VAR estimé sur des données trimestrielles allant de 2003 à 2012. Ce modèle inclut les composantes cycliques de quatre variables à savoir : l’output-gap, le salaire minimum réel, le taux de chômage et le taux de pauvreté. Afin de tester la robustesse des résultats, deux versions du modèle VAR ont été estimées, en utilisant les composantes cycliques calculées se ...
  • Download PDF
    Africa’s Rising Debt: Implications for Development Financing and a Sustainable Debt Management Approach
    Authors
    Abdelaaziz Ait Ali
    Badr Mandri
    Tayeb Ghazi
    Olalekan Samuel
    Mma Amara Ekeruche
    Adedeji Adeniran
    February 12, 2019
    This study was carried out within the framework of the Global Economic Governance Africa (GEGAfrica) funded by the UK Department for International Development. The GEGAfrica programme is a policy research and stakeholder engagement aimed at strengthening the influence of African coalitions at global economic governance forums and increase, inter alia, the visibility and the outreach of African views at the regional and worldwide levels. Policy Center for the New South was requested ...
  • Download PDF
    The Role of a Flexible Foreign Exchange System in Macroeconomic Adjustment: The Case of Morocco.
    Authors
    Abdelaaziz Ait Ali
    January 1, 2019
    Morocco has moved towards a more flexible exchange rate system, by widening its currency fluctuation bands to +/- 2.5% around a central price. This transition will, in time, equip the Moroccan economy with a macroeconomic instrument acting as a shock absorber and facilitating rapid adjustment at lower costs. In the absence of such a mechanism, adjustment to macroeconomic shocks at times requires a contraction in demand and thereby a cyclical downturn in growth to restore external ba ...
  • Quand les grands se fâchent, le monde panique !
    Authors
    Tayeb Ghazi
    August 13, 2018
    Depuis la fin de l’année 2017, le président Donald Trump mène plusieurs batailles commerciales, contre différents partenaires, sous prétextes de sauver des emplois industriels américains et de réduire le déficit commercial des États-Unis. S’il est difficile de se prononcer sur les effets des combats commerciaux amorcés par le président Trump, l’importance des opposants et des échanges pour l’économie mondiale en fait une source de risque pour la croissance, les emplois et les prix à ...
  • In-Focus Session: Energy-mix to Accelerate Africa’s Development
    December 14, 2017
    Moderator: André Caillé, Board Member, Junex - Eric Festa, Senior Vice President, LNG Business Development, Total - R. Andreas Kraemer, Founder & Chairman, Ecologic Institute - Thione Niang, Co-Founder of Akon Lighting Africa - Simone Tagliapietra, Research Fellow, Bruegel ...