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Borrowing requirements and external debt sustainability of Sub-Saharan African countries

Author

Listed:
  • Chauvin, S.
  • Golitin, V.

Abstract

Despite debt relief under the HIPC Initiative, African countries are still vulnerable to the risk of debt distress. The debt sustainability framework therefore remains an essential tool. The management of this tool must be flexible in order to take account of development goals and allow its adoption by emerging-country lenders.

Suggested Citation

  • Chauvin, S. & Golitin, V., 2010. "Borrowing requirements and external debt sustainability of Sub-Saharan African countries," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 17, pages 47-77, Spring.
    • Handle: RePEc:bfr:quarte:2010:17:04
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    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/quarterly-selection-of-articles_17_2010-spring.pdf
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    References listed on IDEAS

    as
    1. Charles Wyplosz, 2007. "Debt Sustainability Assessment: The IMF Approach and Alternatives," IHEID Working Papers 03-2007, Economics Section, The Graduate Institute of International Studies.
    2. Cabrillac, B. & Rocher, E., 2009. "Les marchés de titres de la dette publique dans les pays africains en développement : évolution récente et principaux défis," Bulletin de la Banque de France, Banque de France, issue 176, pages 33-45.
    3. Olatundun Janet Adelegan & Bozena Radzewicz-Bak, 2009. "What Determines Bond Market Development in Sub-Saharan Africa?," IMF Working Papers 2009/213, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Lauren A. Johnston, 2019. "The Belt and Road Initiative: What is in it for China?," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 6(1), pages 40-58, January.
    2. Walid Benayed & Foued Badr Gabsi, 2020. "Domestic public debt and financial development in Sub-Saharan Africa: Is there an inverted-U relationship?," Economics Bulletin, AccessEcon, vol. 40(1), pages 846-854.

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    More about this item

    Keywords

    IMF; World Bank; debt sustainability framework; HIPC initiative – MDRI; Sub-Saharan Africa.;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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