The African Bond Markets Development Index (ABMDI) is a ranking of African local bond markets established by the AFMI team/AfDB. This report is organized in two sections. Section 1 presents the 2017 ABMDI country rankings and scores based on 2016 data. Section 2 focuses on ABMDI weights and methodology.
Budget managers are frequently confronted with changing circumstances during a fiscal year that disrupt even the best prepared spending plans. Some of these changed circumstances require no more than regular adjustments to plans, while others become chronic and have a significant effect on public finances. The latter are commonly referred to as extraordinary shocks, which are sudden and can pose a threat to fiscal stability and service delivery.
This paper analyses the development of local currency sovereign bond markets (LCBMs), a potentially important but often overlooked source of longer-term public finance, in Sub- Saharan Africa (SSA).
Le rapport Perspectives économiques en Afrique fournit de nombreuses clés pour décrypter et comprendre les réalités socioéconomiques multiples des pays africains, grâce à des évaluations régulières, rigoureuses et comparatives. Il offre des prévisions à court et moyen termes sur l’évolution des principaux indicateurs économiques pour chacun des 54 pays d’Afrique, et fait le point sur les défis socioéconomiques et les progrès enregistrés.
Domestic funding for Africa: New ways to bridge infrastructure gap, Cédric Mbeng Mezui, African Development Bank Group
African Development Bank Financial Presentation 2017
In the May edition of OMFIF (Official Monetary and Financial Institutions Forum), Cedric Mbeng Mezui examines the links between commodity revenues and fiscal policy in Africa, warning against procyclical tendencies that expose external vulnerabilities.
After seven years of unorthodox operations, primarily quantitative easing, central banks are beginning to consider when and how to normalise monetary policy.