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Djibouti: Simulation of the debt burden and the cost of renegotiation
[Djibouti : Simulation du poids de la dette et du coût d'une renégociation]

Author

Listed:
  • Thierry Pairault

    (CECMC-CCJ - Centre d'études sur la Chine moderne et contemporaine - CCJ - Chine, Corée, Japon - EHESS - École des hautes études en sciences sociales - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique)

Abstract

If you are not a financier, policy-maker or expert at the IMF, it is very difficult to objectively appreciate the weight of a loan for a developing country and the consequences of the resulting indebtedness, as the available information is most often disparate, fragmentary or even contradictory. I have used the renegotiation of a loan extended by China to Djibouti in an attempt to provide a tangible illustration of the financial and budgetary implications of a debt and its rescheduling. It is this simulation I describe in this note.

Suggested Citation

  • Thierry Pairault, 2020. "Djibouti: Simulation of the debt burden and the cost of renegotiation [Djibouti : Simulation du poids de la dette et du coût d'une renégociation]," Working Papers halshs-02865928, HAL.
    • Handle: RePEc:hal:wpaper:halshs-02865928
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02865928
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