The Financing Challenges of Structural Transformations in Africa in the Post-Covid-19 Period: An Opportunity to Rethink the Financial Resilience of the Continent
The decline in economic activity and public revenues during the health crisis continues to burden the budgets of African countries. These financial difficulties are due, on the one hand, to the increase in healthcare expenses and, on the other hand, to the support provided to households and business...
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| Formato: | Artículo revista |
| Lenguaje: | Español |
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Centro de Investigaciones y Estudios sobre Cultura y Sociedad
2024
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| Acceso en línea: | https://revistas.unc.edu.ar/index.php/astrolabio/article/view/44097 |
| Aporte de: |
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I10-R348-article-44097 |
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ojs |
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Universidad Nacional de Córdoba |
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I-10 |
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R-348 |
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Astrolabio |
| language |
Español |
| format |
Artículo revista |
| topic |
post-Covid-19 structural transformations resilient financing systems sustainable inclusive development |
| spellingShingle |
post-Covid-19 structural transformations resilient financing systems sustainable inclusive development Hamimida, Mama The Financing Challenges of Structural Transformations in Africa in the Post-Covid-19 Period: An Opportunity to Rethink the Financial Resilience of the Continent |
| topic_facet |
post-Covid-19 structural transformations resilient financing systems sustainable inclusive development |
| author |
Hamimida, Mama |
| author_facet |
Hamimida, Mama |
| author_sort |
Hamimida, Mama |
| title |
The Financing Challenges of Structural Transformations in Africa in the Post-Covid-19 Period: An Opportunity to Rethink the Financial Resilience of the Continent |
| title_short |
The Financing Challenges of Structural Transformations in Africa in the Post-Covid-19 Period: An Opportunity to Rethink the Financial Resilience of the Continent |
| title_full |
The Financing Challenges of Structural Transformations in Africa in the Post-Covid-19 Period: An Opportunity to Rethink the Financial Resilience of the Continent |
| title_fullStr |
The Financing Challenges of Structural Transformations in Africa in the Post-Covid-19 Period: An Opportunity to Rethink the Financial Resilience of the Continent |
| title_full_unstemmed |
The Financing Challenges of Structural Transformations in Africa in the Post-Covid-19 Period: An Opportunity to Rethink the Financial Resilience of the Continent |
| title_sort |
financing challenges of structural transformations in africa in the post-covid-19 period: an opportunity to rethink the financial resilience of the continent |
| description |
The decline in economic activity and public revenues during the health crisis continues to burden the budgets of African countries. These financial difficulties are due, on the one hand, to the increase in healthcare expenses and, on the other hand, to the support provided to households and businesses during the lockdown period. This situation limits the actions of governments in pursuing structural transformations.
External resources have declined, with net capital flows to low-income and lower-middle-income countries plummeting. The increase in interest rates in developed countries could push heavily indebted nations into a debt crisis. The situation is further exacerbated by the decrease in foreign currency revenues.
The objective of this article is to outline the main causes of the lack of financing in Africa, which hinders the continuation of structural transformations and the achievement of the desired level of development. At the same time, the article highlights the opportunities for development and better integration into the global economy that arise from this crisis. This will necessarily involve the implementation of innovative and resilient financing systems. |
| publisher |
Centro de Investigaciones y Estudios sobre Cultura y Sociedad |
| publishDate |
2024 |
| url |
https://revistas.unc.edu.ar/index.php/astrolabio/article/view/44097 |
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2024-09-03T21:39:56Z |
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2024-09-03T21:39:56Z |
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I10-R348-article-440972024-01-07T18:49:35Z The Financing Challenges of Structural Transformations in Africa in the Post-Covid-19 Period: An Opportunity to Rethink the Financial Resilience of the Continent Los retos financieros de las transformaciones estructurales en África en el periodo posCovid-19: una oportunidad para repensar la resiliencia financiera del continente Os desafios financeiros das transformações estruturais em África no período pós-Covid-19: uma oportunidade para repensar a resiliência financeira do continente Hamimida, Mama post-Covid-19 structural transformations resilient financing systems sustainable inclusive development The decline in economic activity and public revenues during the health crisis continues to burden the budgets of African countries. These financial difficulties are due, on the one hand, to the increase in healthcare expenses and, on the other hand, to the support provided to households and businesses during the lockdown period. This situation limits the actions of governments in pursuing structural transformations. External resources have declined, with net capital flows to low-income and lower-middle-income countries plummeting. The increase in interest rates in developed countries could push heavily indebted nations into a debt crisis. The situation is further exacerbated by the decrease in foreign currency revenues. The objective of this article is to outline the main causes of the lack of financing in Africa, which hinders the continuation of structural transformations and the achievement of the desired level of development. At the same time, the article highlights the opportunities for development and better integration into the global economy that arise from this crisis. This will necessarily involve the implementation of innovative and resilient financing systems. El descenso de la actividad económica y de los ingresos públicos durante el periodo de la crisis sanitaria sigue afectando los presupuestos de los países africanos. Estas dificultades financieras se deben, por una parte, al aumento de los gastos sanitarios y, por otra, al apoyo prestado a hogares y empresas durante el periodo de confinamiento. Esta situación limita la acción de los gobiernos en la prosecución de transformaciones estructurales. Los recursos provenientes de financiamiento externo han disminuido, con una caída en picada de los flujos netos de capital hacia los países de renta baja y media-baja. El aumento de los tipos de interés en los países desarrollados podría empujar a las naciones muy endeudadas a una crisis de deuda. La situación se agrava aún más por la disminución de los ingresos en divisas. El objetivo del artículo es esbozar las principales causas de la falta de financiación en África, la cual obstaculiza la continuación de las transformaciones estructurales y la consecución del nivel de desarrollo deseado. Al mismo tiempo, destaca las oportunidades de desarrollo y de mejor integración en la economía mundial que se derivan de esta crisis. Esto necesariamente requerirá la puesta en marcha de sistemas de financiación innovadores y resilientes. Centro de Investigaciones y Estudios sobre Cultura y Sociedad 2024-01-07 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículos revisados por pares application/pdf text/html https://revistas.unc.edu.ar/index.php/astrolabio/article/view/44097 10.55441/1668.7515.n32.44097 Astrolabio; No. 32 (2024): January - June: State and society in Africa today. Transformative dynamics and emerging actors; 29-49 Astrolabio; Núm. 32 (2024): Enero - Junio: Estado y sociedad en el África actual. Dinámicas transformadoras y protagonistas emergentes; 29-49 Astrolabio; n. 32 (2024): Enero - Junio: Estado y sociedad en el África actual. Dinámicas transformadoras y protagonistas emergentes; 29-49 1668-7515 10.55441/1668.7515.n32 spa https://revistas.unc.edu.ar/index.php/astrolabio/article/view/44097/44485 https://revistas.unc.edu.ar/index.php/astrolabio/article/view/44097/44486 Derechos de autor 2024 Mama Hamimida https://creativecommons.org/licenses/by-nc-sa/4.0 |