The rise in international bond issuance by low-income African countries: a shift of pattern or a fashion that already fades away?

Marc Raffinot, Marin Ferry and Gregory Donnat ()
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Gregory Donnat: LEDa,PSL, Université Paris Dauphine

No DT/2020/03, Working Papers from DIAL (Développement, Institutions et Mondialisation)

Abstract: Over the past 12 years, a series of low-income countries have issued Eurobonds. Is this a pattern shift, as these countries aim to change their financing structure and move away from concessional public financing to financial markets? This is a possibility, but the recent repayment problems experienced by some of these countries suggest that this wave of issuances could end gradually.

Keywords: Eurobonds; Debt Reduction; Debt Relief; HIPC; MDRI; Low Income Countries; Debt distress (search for similar items in EconPapers)
JEL-codes: F21 F34 F35 F63 H63 O55 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2020-04
New Economics Papers: this item is included in nep-afr
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