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Date of publication
25 July 2012

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Borrowing requirements by governments in Africa to finance their budget deficits are met both by funds raised on financial markets and, to a decreasing extent, by non-marketable debt via bilateral, multilateral and concessional loans.

Debt management techniques and policies can influence substantially the development and liquidity of local currency bond markets. Cross-border government borrowings have become more significant. Government debt instruments attract both institutional and retail investors and have an important share in the portfolios of both domestic and foreign fund managers.

This yearbook provides comprehensive quantitative information on African central government debt instruments, both marketable debt and nonmarketable debt. The coverage of data is limited to central government debt issuance as well as bilateral, multilateral and concessional debt and excludes therefore state and local government debt and social security funds. It includes individual country data but also comparative statistics to facilitate pan-African (cross-country) analysis.

Countries covered: Angola, Cameroon, Gabon, Kenya, Madagascar, Malawi, Mauritius, Morocco, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Tanzania, Tunisia, Uganda and Zambia.