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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. Charles Komla Adjasi & Charles Amo Yartey, 2007. "Stock Market Development in Sub-Saharan Africa; Critical Issues and Challenges," IMF Working Papers 07/209, International Monetary Fund.
    2. John D. Burger & Francis E. Warnock, 2006. "Local Currency Bond Markets," IMF Staff Papers, Palgrave Macmillan, vol. 53(si), pages 1-7.
    3. Marco Arnone & Bernard J Laurens & Jean-Fran├žois Segalotto & Martin Sommer, 2009. "Central Bank Autonomy: Lessons from Global Trends," IMF Staff Papers, Palgrave Macmillan, vol. 56(2), pages 263-296, June.
    4. World Bank, 2007. "Developing the Domestic Government Debt Market : From Diagnostics to Reform Implementation," World Bank Publications, The World Bank, number 6707.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

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

    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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