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 private sector intensified. Policy support, however, averted a credit crunch. The increase in public debt across Africa due to the COVID-19 crisis intensified crowding out of...
