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Digital Payment Innovations in Sub-Saharan Africa

Release Date:June, 2025

This paper takes stock of developments and policy issues related to digital payments innovations across sub-Saharan African (SSA), including central bank digital currency (CBDC), fast payments more...



Price: $20.00
Evaluating Fiscal Rules for Lesotho:Kingdom of Lesotho

Author/Editor: Yibin Mu.

Release Date:December, 2022

A key challenge for Lesotho is the downward rigidity in public expenditure—which increases when SACU transfers are buoyant but fails to be pared back when they fall. Fiscal rules would be of value in more...



Price: $15.00
Addressing Fiscal Pressures:Kingdom of Lesotho

Author/Editor: Yibin Mu.

Release Date:December, 2022

Lesotho's fiscal situation is challenging. This paper assesses the pressure points of main components of revenues, current spending, and capital spending, and then proposes a growth-friendly more...



Price: $15.00
Policy Coordination in Lesotho:Kingdom of Lesotho

Author/Editor: Yibin Mu.

Release Date:December, 2022

In a country such as Lesotho with high capital mobility and leakages abroad, the relationship between both fiscal, monetary, and exchange rate policy is intertwined, such that public spending and more...



Price: $15.00
China's Impacts on SSA through the Lens of Growth and Exports

Author/Editor: Yibin Mu, Chu Wang, Dong Frank Wu.

Release Date:December, 2017

The analysis of China’s impacts on the 44 SSA countries reveals that: (i) after joining the WTO in 2001, China has started to impact significantly on SSA growth: one-percent increase in more...



Price: $18.00
Dollarization in Sub-Saharan Africa : Experiences and Lessons

Author/Editor: Mauro Mecagni, Juan S Corrales, Jemma Dridi, Rodrigo Garcia-Verdu, Patrick A Imam, Justin Matz, Carla Macario, Rodolfo Maino, Yibin Mu, Ashwin Moheeput, Futoshi Narita, Marco Pani, Manuel Rosales Torres, Sebastian Weber, Etienne B Yehoue.

Release Date:May, 2015

Dollarization—the use of foreign currencies as a medium of exchange, store of value, or unit of account—is a notable feature of financial development under macroeconomically fragile conditions. more...



Price: $20.00
Islamic Finance in Sub-Saharan Africa: Status and Prospects

Author/Editor: Enrique Gelbard, Mumtaz Hussain, Rodolfo Maino, Yibin Mu, Etienne B. Yehoue.

Release Date:August, 2014

Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance more...



Price: $18.00
Issuing International Sovereign Bonds : Opportunities and Challenges for Sub-Saharan Africa

Author/Editor: Mauro Mecagni, Jorge Iván Canales Kriljenko, Cheikh A. Gueye, Yibin Mu, Masafumi Yabara, Sebastian Weber.

Release Date:June, 2014

This African Department Paper examines the rise in international sovereign bonds issued by African frontier economies and recommends policies for potential first-time issuers. more...



Price: $20.00
Bond Markets in Africa

Author/Editor: Yibin Mu, Peter Phelps, Janet Gale Stotsky.

Release Date:January, 2013

African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries would benefit from greater access to financing and deeper financial markets. more...



Price: $18.00
Striking an Appropriate Balance Among Public Investment, Growth, and Debt Sustainability in Cape Verde

Author/Editor: Yibin Mu.

Release Date:November, 2012

Despite relatively fast economic growth over the past few years, Cape Verde’s public debt to GDP ratio has risenrapidly. Achieving an appropriate balance among public investment, growth, and debt more...



Price: $18.00