Impact of the Russia-Ukraine war on public debt in North Africa 2022, by country
The Russia-Ukraine war affected economic growth and government finances in North Africa. According to projections, the government debt as a share of GDP declined in Algeria, Egypt, Morocco, and Tunisia in 2022 considering the long-conflict scenario, with the war continuing after June 2022. For instance, Morocco's public debt reached 80.7 percent of the GDP in 2022, compared to a baseline scenario of 82.3 percent, which would have occurred in the absence of the war.