Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis

Author: Luc Eyraud, Irina Bunda, Jehann Jack, Mr. Tarak Jardak, Rasmané Ouedraogo, Zhangrui Wang, and Torsten Wezel

Compared to other regions, sub-Saharan Africa (SSA) has historically recorded high levels of nonperforming loans (NPLs) in the banking sector.

Volume/Issue: Volume 2021 Issue 014

Publication date: June 2021

ISBN: 9781513576510

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Topics covered in this book

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Finance , Money and Monetary Policy , Economics / General , International - Economics , Nonperforming loans , credit risk , banking sector , Africa , Covid-19 , default (finance) , NPL ratio , resolution strategy , reduction target , NPL portfolio , ratios in SSA country , NPL write-off , removing legacy NPL , management strategy , Loans , Credit , Distressed assets , Financial soundness indicators , Sub-Saharan Africa , South Asia , West Africa

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Summary

Sub-Saharan African countries are facing an unprecedented health and economic crisis that is likely to severely hurt credit quality and raise non-performing loans from already high levels. Banks have a critical role to play not only during the crisis by providing temporarily relief to businesses and households, but also during the recovery by supporting economic activity and facilitating the structural transformations engaged by the pandemic.