Is Africa’s fiscal space undermined by debt related illicit financial flows?

SADC countries are running into debt more rapidly than they are building up savings.
To mitigate against the fiscal drain that follows in servicing the debt,
SADC governments reduce spending on welfare, economic and social goods.
The fact that at least 5 of SADC countries’ public debt is over 60% of their GDP creates an unstable financial condition
which forces those with liquid capital to seek safe havens.
This paper takes a discursive approach to analyzing the enablers that have the potential to allow restructuring of external debt
to be incentivized for illicit gain.

https://www.researchgate.net/profile/Lyla-Latif/publication/359859056_Is_Africa%27s_fiscal_space_undermined_by_debt_related_illicit_financial_flows/links/6252db8def0134206667deb6/Is-Africas-fiscal-space-undermined-by-debt-related-illicit-financial-flows.pdf?origin=publication_detail