Ce papier étudie les problèmes d’endettement extérieur du Cameroun en analysant son évolution globale (structure, service de la dette, conditions des emprunts, etc.). Cette analyse est complétée par l’examen de la dette intérieure compte tenu de son poids dans la dette totale du pays....

A group of low-income countries classified as HIPCs have continued to experience difficulties in managing and servicing their huge stocks of external debt. Most of these countries including Kenya are in Sub-Saharan Africa. The relatively high level of Kenya’s external indebtedness and rising...

In the 1980s most of Sub-Saharan African countries (SSA) especially the HIPCs faced an unprecedented indebtedness. Different mechanisms of debt relief as well as economic reforms have been put in place with the objective of enabling these countries to reach long-term economic growth and reduce...

This paper presents a review of the current debt problem in Ghana and assesses whether debt relief under the HIPC initiative can be effectively translated into poverty reduction. The extent of the debt burden is jeopardizing Ghana’s effort at poverty reduction. The evidence suggests that debt...

The HIPC initiative for debt relief in the poorest countries has been extended to cover more countries. Zambia is one the countries accepted under the enhanced initiative for a debt relief of US$ 3.8 billion. In this paper, the possible effects of this debt relief are analysed using a social...

This paper outlines the impact of the global economic crisis on Africa. Recovery requires coordinated and consistent efforts to assist individual countries in mitigating (reducing) the risk, coping with the impact, and reducing risk over the longer term. Care should be exercised to maintain and...

The current paper, first, finds that although the post-independence growth of African economies has fallen substantially below that of other regions, this comparative evidence is less than uniform across time and countries. Second, it uncovers total factor productivity as the primary culprit...

The objective of this paper is to examine debt dynamics of highly indebted poor countries (HIPCs) and identify key factors responsible for their protracted debt crisis. For this purpose, we first evaluate economic conditions of debt sustainability in the context of the intertemporal borrowing...

After more than a decade of economic decline and civil war, Uganda was able to return to economic growth thanks to the policies pursued by Museveni’s National Resistance Movement which elicited considerable donor support. They include macroeconomic reforms, public sector restructuring,...

Africa’s formal economies responded poorly to economic reform measures in the 1980s and 1990s while informal markets and institutions responded dynamically and proved to be more resilient. Using comparative analysis of African informal economies, this study explains why this was the case. It...