Download or read book Private Savings and COVID-19 in Sub-Saharan Africa written by Mr. Boileau Loko and published by International Monetary Fund. This book was released on 2022-09-09 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reexamines the main private savings determinants in Sub-Saharan Africa (SSA), followed by an analysis of the COVID-19 pandemic impact on private savings in SSA and other country groupings. Using an unbalanced panel data from 1983−2021 for 31 SSA economies, the paper finds that real per capita economic growth remains a key historical determinant of private savings in the region. In contrast with other regions, private saving rates have not increased during COVID-19 in SSA. Instead, COVID-19 deaths in our estimations are significantly associated with a decline in private savings in SSA. Robustness checks and a descriptive analysis of household surveys during the pandemic corroborate those results.