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The rise in international bond issuance by low-income African countries: a shift of pattern or a fashion that already fades away?

Author

Listed:
  • Marc Raffinot

    (PSL, Université Paris Dauphine, LEDa, IRD)

  • Marin Ferry

    (Université Gustave Eiffel, ERUDITE, Associate researcher, LEDa, IRD, PSL Université Paris Dauphine)

  • Gregory Donnat

    (LEDa,PSL, Université Paris Dauphine)

Abstract

Over the past 12 years, a series of low-income countries have issued Eurobonds. Is this a pattern shift, as these countries aim to change their financing structure and move away from concessional public financing to financial markets? This is a possibility, but the recent repayment problems experienced by some of these countries suggest that this wave of issuances could end gradually.

Suggested Citation

  • Marc Raffinot & Marin Ferry & Gregory Donnat, 2020. "The rise in international bond issuance by low-income African countries: a shift of pattern or a fashion that already fades away?," Working Papers DT/2020/03, DIAL (Développement, Institutions et Mondialisation).
    • Handle: RePEc:dia:wpaper:dt2020-03
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    Citations

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    Cited by:

    1. Anna Tykhonenko & Donnat Grégory, 2022. "Debt Relief: The Day After, Financing Low-Income Countries," Post-Print hal-04298772, HAL.

    More about this item

    Keywords

    Eurobonds; Debt Reduction; Debt Relief; HIPC; MDRI; Low Income Countries; Debt distress;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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