After two debt relief initiatives launched in 1996 (the Heavily Indebted Poor Countries, HIPC Initiative) and in 1999 (The enhanced HIPC initiative), the G7 decided to go further by cancelling the remaining multilateral debt for these HIPC countries through the Multilateral Debt Relief...

After two debt relief initiatives launched in 1996 (the Heavily Indebted Poor Countries, HIPC Initiative) and in 1999 (The enhanced HIPC initiative), the G7 decided to go further by cancelling (most of) the remaining multilateral debt for these HIPC countries through the Multilateral Debt Relief...

Global Budget Support should contribute to give some sense to the national process of budget allocation. The case of Burkina Faso shows that progress has been made in this direction. Nevertheless, the links between strategies and budgetisation remain weak, namely because of budget dualism. The...

Since the 1994 devaluation, growth resumed in Mali without any significant decrease of poverty. This may be explained by the high level of inequality, which has increased in the recent period. The poverty reduction strategy described in the PRSP relies mainly on increasing the supply of primary...

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...

Considered an “A-student” by the Bretton Woods Institutions, Mali benefitsfiom debt relief: Growth resumed afier the 1994 devaluation, but poverty did not decrease significantly. The Poverty Reduction Strategy Paper gives priority to investment in education and health. In countries like...

The international financial crisis is likely to produce very different impacts on the various African countries, depending on their degree of openness to commercial and financial flows. The volume of foreign flows is a matter of concern given that exports, loans, public grants and remittances...