Africa

Cover Background Paper 5

Debt for Climate Opportunities in South Africa

Published: 19 March 2021
Publikation

The paper proceeds by setting out pertinent aspects of the South African context and the
key role of its electricity sector in contributing to the country’s worsening debt profile.

Cover LSF Studie

The Liquidity and Sustainability Facility for African Sovereign Bonds

Published: 10 March 2021

Over the past few decades, market-based finance has become central to the global financial system. Huge volumes of financial instruments are traded on a daily basis. In an effort to improve access to global financial markets for African countries, the United Nations Economic Commission for Africa (ECA) – in cooperation with the asset management firm PIMCO – has proposed setting up a Liquidity and Sustainability Facility (LSF). This is designed to create a Special Purpose Vehicle to subsidise private sector investment in African sovereign debt. The LSF would be financed by official development assistance (ODA), multilateral development banks and/or by the central banks of members of the Organisation for Economic Co-operation and Development (OECD).

Compensating Indebted Countries for Keeping Fossil Fuels in the Ground

Compensating Indebted Countries for Keeping Fossil Fuels in the Ground

Published: 5 January 2021

Fossil fuel development, in particular oil and gas, promised vast riches in the past. Today it is exposing fossil fuel producers and their creditors to a massive stranded asset risk. Technological disruption with the rapid cost-reduction of renewable energy and storage technologies, in conjunction with the inevitability of increased climate action, are at the root of unprecedented uncertainties over the future of the sector.