The purpose of this working paper is to understand why banks reject the majority of requests for productive investment finance coming from local enterprises in Cameroon. The first section presents the specific characteristics of the credit markets and various models to explain the rationing of...

This paper presents an analysis of the attitudes of the poor towards the double – political (democratisation) and economic (liberalisation) – transition process in which many developing countries are engaged today. The most common belief to explain the difficulty to implement democracy and...

The starting point of this paper is given by country situations where trade liberalization is expected to be poverty and inequality alleviating in the long run while inducing a short run increase in poverty or in inequality. The question we ask is what are the distributive aspects of trade which...

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...

La crise économique et financière en cours reste au coeur de l'actualité et rares sont les commentateurs à même de déterminer comment elle va évoluer. Futuribles, qui a déjà publié diverses analyses sur le sujet (en octobre et décembre 2008, par exemple), poursuit ce mois-ci avec un...