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

Dieudonné Bleossi Dahoun and Marc Raffinot
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Dieudonné Bleossi Dahoun: IRD Benin - IRD Benin

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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.

Keywords: Emerging countries; Africa; Development Financing; Debt relief; Debt cycle; China; Pays émergents; Afrique; Financement du développement; Réductions de dette; Réendettement; Chine (search for similar items in EconPapers)
Date: 2017-03-14
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Working Paper: Partenaires émergents: quels enjeux pour la soutenabilité de la dette africaine ? (2012)
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