Around the world, a fiscal squeeze is under way. Many governments are reducing spending, others are trying to increase their revenues, and some are doing both. The need to reduce fiscal deficits due to the rising cost of debt is the common driver across countries. But how governments have accumulated this debt varies, as does their room for manoeuvre. The fiscal squeeze is particularly notable in sub-Saharan Africa, and short-term pressures may crowd out longer-term concerns unless the international community acts. […]