RESEARCH PRIORITY

Fiscal capacity

Better public evidence can strengthen decisions about development finance.

SDG 11Sustainable Cities and CommunitiesSDG 16Peace, Justice and Strong InstitutionsSDG 17Partnerships for the Goals

Challenge index · Evidence reviewed 6 September 2026

Evidence overview

Over 12%

Median interest-to-government-revenue ratio in sub-Saharan Africa in 2024, estimated by the IMF.

IMF · Breaking the Trend: Debt Stabilization in Sub-Saharan Africa, 2025 ↗

Data scope: IMF analysis published April 2025. This is interest relative to revenue, not total debt service; the median is not a continent-wide weighted average.

What the evidence tells us

The IMF associates the rising interest burden with constrained development spending and a shift toward more expensive financing. Its analysis supports careful measurement of fiscal exposure. A better information system cannot by itself eliminate debt or establish that a country’s borrowing costs are unjustified.

Read the underlying source ↗

Axum’s research agenda

Axum proposes research into verifiable public-finance records and tools that make fiscal exposure easier to understand. Commercial opportunities may arise in reconciliation and document analysis. They must be evaluated against transparent baselines; public institutional reform remains essential beyond any individual product.

These are proposed research directions. Where research leads to an invention, patentability and commercial viability remain to be established.

Research directions

Debt evidence and risk assessment →

A country with accessible public debt records

Can better evidence improve the transparency of a risk assessment?

UNDP development-finance analysis · 2023 ↗

Fiscal exposure monitoring →

Public-finance institutions in a selected country

Can analysts identify emerging debt-service pressure from fragmented records?

IMF debt analysis · 2025 ↗

Urban service-gap mapping →

Informal settlements in a selected African city

Can locally verified service maps help municipalities target underserved neighbourhoods?

Urban Service Delivery in Africa · Development Policy Review ↗

Selected literature

A starting library of published studies and institutional evidence. Source types and dates are identified below; inclusion does not imply endorsement of an Axum product.

These areas are examples of important problems, not funding categories. Our inaugural research grants are open to proposals within or beyond them. Read about Axum research grants →