Study on Managing Sovereign Debt in Times of Crisis: Study Summary, Findings and Lessons

The document outlines a study on sovereign debt management during the COVID-19 crisis, highlighting the severe economic impact on developing countries and the specific vulnerabilities of Sub-Saharan African nations. It notes that the pandemic induced major debt stresses and operational challenges, leading countries to implement fiscal, monetary, and financial policies to cushion local markets. The full study is divided into four thematic areas: macroeconomic policy interventions, external financing operations, local currency bond markets, and governance and operational risk management frameworks.

• The COVID-19 pandemic caused historic and unusually severe economic impacts on developing countries, leading to significant debt stresses and complex debt management challenges, particularly for those already vulnerable.
• Sub-Saharan African countries faced greater exposure and more limited fiscal maneuverability during the COVID-19 crisis compared to their experience during the 2008/09 global financial crisis.
• The shift to remote work during the pandemic created frequent operational challenges that hindered the ability of countries to manage risks effectively.

APA

FSD Africa (2023). Study on Managing Sovereign Debt in Times of Crisis: Study Summary, Findings and Lessons. https://fsdafrica.org/publication/study-on-managing-sovereign-debt-in-times-of-crisis-study-summary-findings-lessons/

Chicago

FSD Africa. Study on Managing Sovereign Debt in Times of Crisis: Study Summary, Findings and Lessons. 2023. https://fsdafrica.org/publication/study-on-managing-sovereign-debt-in-times-of-crisis-study-summary-findings-lessons/.

Wikipedia

{{cite report |author=FSD Africa |title=Study on Managing Sovereign Debt in Times of Crisis: Study Summary, Findings and Lessons |date=12 August 2023 |url=https://fsdafrica.org/publication/study-on-managing-sovereign-debt-in-times-of-crisis-study-summary-findings-lessons/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2023study, author = {{FSD Africa}}, title = {{Study on Managing Sovereign Debt in Times of Crisis: Study Summary, Findings and Lessons}}, institution = {FSD Africa}, year = {2023}, month = aug, url = {https://fsdafrica.org/publication/study-on-managing-sovereign-debt-in-times-of-crisis-study-summary-findings-lessons/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }