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Amidst calls for debt relief to mitigate the socioeconomic consequences of COVID-19 in Africa, debt transparency has become an even more pressing issue, in view of the recent wave of debt suspensions under the Debt Service Suspension Initiative (DSSI) and calls for Private Sector Involvement (PSI).

This paper was authored by Prof. Rym Ayadi, EMEA President, Professor at The Business School (Former CASS), and Senior Advisor, CEPS, and Prof. Emilios Avgouleas, Chair in International Banking Law and Finance at the University of Edinburgh, and member of the EMEA advisory Board. It assesses the key risks stemming from debt unsustainability in low-income countries (LICs) and lower-middle-income countries (LMICs) and the key debt transparency initiatives promoted by international organisations and the private sector.

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