Pretoria University Law Press (PULP)

PULP is an open-access publisher based at the Centre for Human Rights, University of Pretoria

COVID-19 and Sovereign Debt: The case of SADC
Edited by Daniel D. Bradlow and Magalie L. Masamba
ISBN: 978-1-991213-08-2
Pages: 371
Print version: Available
Electronic version: Free PDF available


About the publication 

This multi-disciplinary publication focuses on the issue of African sovereign debt management and renegotiation/ restructuring, with a particular concentration on the countries that are members of the Southern Africa Development Community (SADC).

It contains a series of essays that were initially presented in several workshops held at the height of the pandemic, in 2020.

These essays seek to both understand the debt challenges facing these countries and to offer some policy-oriented suggestions on how they can more effectively address these. They include contributions by global and regional scholars who are seasoned experts and newer researchers and discuss the complexities on debt management and restructuring within the context of the global COVID-19 pandemic. In particular, this presented an opportunity for junior researchers from the region to contribute to international discussions on a topic in which the views of young Africans are not heard as often or as clearly as they should be, especially given the importance of the topic to Africa and its future. Further, this book is expected to stimulate debate among academics, activists, policy makers and practitioners on how SADC should manage its debt.

Table of Contents

 1. Sovereign debt management and restructuring in SADC: Setting the scene and asking the right question 
Daniel D Bradlow and Magalie L Masamba

 2. International assistance in catastrophes need not bankrupt countries
Barry Herman

 3. Debt service suspension in Southern African Development Community countries
Martin Kessler

 4. The International Monetary Fund and debt surveillance in SADC countries
Martin S Edwards

 5. Sovereign debt via the lens of asset management: Implications for SADC countries
Kevin Gallagher and Yan Wang

 6. Assessing the legal options of managing and restructuring sovereign debt in the SADC region in the context of the COVID-19 pandemic
Murikuki Muriungi

 7. Sovereign debts under the SADC Model Bilateral Investment Treaty (SADC Model BIT)
Roselian Jackson

 8. Sovereign debt restructuring and human rights: Overcoming a false binary
Magalie L Masamba

 9. Adopting proactive debt management policy strategies to forestall a debt crisis in South Africa
Marie-Louise F Aren

 10. The renegotiation of sovereign debt tainted by corruption: Mozambique’s ‘secret’ debt in perspective
Louis Koen

  11. Sovereign debt restructuring in Zambia: A United Nations principles-based approach?
Sangwani Patrick Ng’ambi

 12. Steeling for the next pandemic through fiscal responsibility: The Bank of Namibia as fiscal council
Dunia P Zongwe

 13. Resource-backed loans, COVID-19 and the high risk of debt trap: A case study of Zimbabwe
Farai Mutondoro, Anna-Sophie Hobi, Mutuso Dhliwayo and Josephine Chiname

 14. Towards utilisation of domestic resources in settling Zimbabwe’s sovereign debt
Jimcall Pfumorodze

 15. Building back better post-COVID 19: Lessons learnt and the future of sovereign debt management and restructuring in SADC
Daniel D Bradlow and Magalie L Masamba




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