Introduction / Mthuli Ncube . - 1 The Dynamics of the middle class in Africa / Charles Leyeka Lufumpa, Maurice Mubila and Mohamed Safouane Ben Aïssa . - 2 The political economy of the African middle class / Michael Lofchie . - 3 Consumption patterns / Oliver J.M Chinganya, Mary Strode, Lee...

The increased access of African countries to international capital markets has put public debt sustainability once again high on the continentś policy agenda. Utilizing the "stabilizing primary balance" approach, we find that the primary balances exceeded those required to keep public debt at...