Attout, Ahmed; Baldini, Alfredo; Schmidt, Vivian F. de O.; … - Europäische Investitionsbank - 2022
During the pandemic, African banks rebalanced their portfolio towards sovereign assets, and crowding out of credit to … the COVID-19 crisis intensified crowding out of credit to the private sector. As the economic recovery got underway … analysis presented in this study confirms that crowding out has become more severe, but that timely policy support averted a …