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Partenaires émergents : quels enjeux pour la soutenabilité de la dette africaine ?

Author

Listed:
  • Dieudonné Bleossi Dahoun

    (IRD Benin - IRD Benin)

  • Marc Raffinot

    (LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris-Dauphine - CNRS - Centre National de la Recherche Scientifique)

Abstract

After debt cancellations, in particular MDRI (Multilateral Debt Relief Initiative) debt ratios in Low Income Country dropped to historic lows. They are now getting into debt again, because of Bretton Woods Institutions (BWI) new loans, of emerging countries' (namely China) loans, and sometimes because they are able to borrow from international financial markets. BWI try to slow this new debt cycle by putting limits on the non-concessional borrowing of the country that have an agreement with IMF and by better assessing the debt sustainability (IDA-IMF Debt sustainability framework). The lack of transparent data is a major problem. Nevertheless, some convergence between China and traditional donors may be seen, namely in the field of debt relief. This is consistent with the rise of emerging countries in international financial institutions.

Suggested Citation

  • Dieudonné Bleossi Dahoun & Marc Raffinot, 2017. "Partenaires émergents : quels enjeux pour la soutenabilité de la dette africaine ?," Working Papers hal-01489974, HAL.
  • Handle: RePEc:hal:wpaper:hal-01489974
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01489974
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    Keywords

    Emerging countries; Africa; Development Financing; Debt relief; Debt cycle; China; Financement du développement; Pays émergents; Afrique; Réductions de dette; Réendettement; Chine;

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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