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...

The heightened interest of African countries to access international capital markets has put public debt sustainability once again high on the continent's policy agenda. Applying the ‘stabilizing primary balance approach' to sustainability shows that the primary balances exceeded those...