The Africa Debt Monitor (ADM), launched in September 2019, provides a unique platform for sharing information on African central government debt and debt management policies, practices and institutional arrangements. It offers multiple tools for cross-country peer-learning on public debt issuance and management and provides policymakers with additional insight into the capacity and capability of their debt offices to manage debt and associated risk.

This report forms part of the ADM Analysis series, a set of reports which look into trends in debt management in Africa using quantitative and qualitative information available on the ADM. The other two reports available in 2019 are ‘Three C’s for DMOs: Co-ordination, clarity and consistency’ and ‘Primary- dealer systems and stock exchanges: Gateways to local market development’. Additional reports will be produced annually as a complement to the annual Africa Debt Monitor data update.