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Government debt markets in African developing countries: recent developments and main challenges

Author

Listed:
  • Cabrillac, B.
  • Rocher, E.

Abstract

Despite continued growth since 1995, African government debt markets remain fragile. The current crisis calls for the implementation of targeted actions to ensure their sustainable and balanced growth.

Suggested Citation

  • Cabrillac, B. & Rocher, E., 2009. "Government debt markets in African developing countries: recent developments and main challenges," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 15, pages 5-25, Autumn.
    • Handle: RePEc:bfr:quarte:2009:15:01
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    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/quarterly-selection-of-articles_15_2009-autumn.pdf
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    References listed on IDEAS

    as
    1. John D. Burger & Francis E. Warnock, 2006. "Local Currency Bond Markets," IMF Staff Papers, Palgrave Macmillan, vol. 53(si), pages 1-7.
    2. World Bank & International Monetory Fund, 2001. "Developing Government Bond Markets : A Handbook," World Bank Publications - Books, The World Bank Group, number 13865, December.
    3. Charles Komla Adjasi & Charles Amo Yartey, 2007. "Stock Market Development in Sub-Saharan Africa: Critical Issues and Challenges," IMF Working Papers 2007/209, International Monetary Fund.
    4. Marco Arnone & Bernard J Laurens & Jean-François Segalotto & Martin Sommer, 2009. "Central Bank Autonomy: Lessons from Global Trends," IMF Staff Papers, Palgrave Macmillan, vol. 56(2), pages 263-296, June.
    5. World Bank, 2007. "Developing the Domestic Government Debt Market : From Diagnostics to Reform Implementation," World Bank Publications - Books, The World Bank Group, number 6707, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mame Astou Diouf & Mr. Francois Boutin-Dufresne, 2012. "Financing Growth in the WAEMU Through the Regional Securities Market: Past Successes and Current Challenges," IMF Working Papers 2012/249, International Monetary Fund.
    2. International Monetary Fund, 2016. "Central African Economic and Monetary Community: Selected Issues," IMF Staff Country Reports 2016/290, International Monetary Fund.

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    More about this item

    Keywords

    government debt securities; African financial markets; African securities markets; financing of Sub-Saharan Africa debt; Sub-Saharan Africa (SSA).;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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