This paper looks at the link between fiscal policy and debt sustainability in a number of African countries participating in the Heavily Indebted Poor Countries (HIPC) Initiative. The paper finds that, on the basis of current fiscal policies, debt levels will remain unsustainable even after...

A critical task is to construct a development state - a set of democratically - accountable institutions capable of effective policy design and implementation. The new state agenda is ambitions and resource intensive. It cannot therefore be achieved unless the fiscal crisis of African state is...