Study on Managing Sovereign Debt in Times of Crisis: Insights from the COVID-19 Pandemic and Lessons for the Future

This text examines the economic and social impacts of the COVID-19 pandemic on developing countries, with a specific focus on the challenges faced by African nations regarding fiscal stability, healthcare access, and vaccination rates.

• The COVID-19 pandemic caused severe economic distress for developing countries, characterized by GDP contraction, rising unemployment, and fiscal pressure due to decreased revenue and the need for increased spending on health services and social safety nets.
• Africa faces greater challenges in managing future COVID-19 waves compared to other global regions due to limited healthcare access and significantly lower vaccination rates. As of mid-January 2022, Africa had only 17.31 vaccine doses per 100 population, far below rates in Europe (143.14), the Americas (144.4), South-East Asia (102.87), and the Western Pacific (185.21).
• The IMF reports that the real GDP of sub-Saharan African countries declined by 1.9 per cent in 2020 following the start of the pandemic.

APA

FSD Africa (2023). Study on Managing Sovereign Debt in Times of Crisis: Insights from the COVID-19 Pandemic and Lessons for the Future. https://fsdafrica.org/publication/study-on-managing-sovereign-debt-in-times-of-crisis-insights-from-the-covid-19-pandemic-and-lessons-for-the-future-chapter-2/

Chicago

FSD Africa. Study on Managing Sovereign Debt in Times of Crisis: Insights from the COVID-19 Pandemic and Lessons for the Future. 2023. https://fsdafrica.org/publication/study-on-managing-sovereign-debt-in-times-of-crisis-insights-from-the-covid-19-pandemic-and-lessons-for-the-future-chapter-2/.

Wikipedia

{{cite report |author=FSD Africa |title=Study on Managing Sovereign Debt in Times of Crisis: Insights from the COVID-19 Pandemic and Lessons for the Future |date=12 August 2023 |url=https://fsdafrica.org/publication/study-on-managing-sovereign-debt-in-times-of-crisis-insights-from-the-covid-19-pandemic-and-lessons-for-the-future-chapter-2/ |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: Insights from the COVID-19 Pandemic and Lessons for the Future}}, institution = {FSD Africa}, year = {2023}, month = aug, url = {https://fsdafrica.org/publication/study-on-managing-sovereign-debt-in-times-of-crisis-insights-from-the-covid-19-pandemic-and-lessons-for-the-future-chapter-2/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }