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case in the hope to inform the ongoing debate on debt sustainability in post-HIPC Africa and to some extent crisis … attaining longterm debt sustainability in Africa. …
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The grant element is the “gift portion” of a financial transaction. The mathematical technique for arriving at a precise grant element percentage was first proposed by John Pincus of the RAND Corporation in 1963, and developed mathematically by Göran Ohlin of the Development Centre in 1966....
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