Political Geography: Africa / Topic: Debt

Author:: Mark McGillivray and Bazoumana Ouattara
Publication Date:: 04-2003
Content Type:: Working Paper
Institution:: United Nations University
Abstract:: This paper examines the impact of foreign aid on public sector fiscal behaviour in Côte d'Ivoire. A special interest is the relationship between aid, debt servicing and debt, given that Côte d'Ivoire is a highly indebted country. The theoretical model employed differs from those of previous studies by highlighting the interaction between debt servicing and the other fiscal variables. This model is estimated using 1975–99 time series data. Key findings are that the bulk of aid is allocated to debt servicing and that aid is associated with increases in the level of public debt.
Topic:: Debt, Development, Economics, and International Trade and Finance
Political Geography:: Africa

Publication Date:: 01-2001
Content Type:: Working Paper
Institution:: Africa Policy Information Center
Abstract:: By the end of the year 2000, a peace treaty between Ethiopia and Eritrea, peaceful transfers of power after elections in Senegal and Ghana, and continued growth of public debate about the future in almost every African country were among signs of advance in a year that was more than usually short of good news. Economic growth in sub-Saharan Africa was estimated to climb to 2.7 percent for the year, up from 2.1 percent in 1999. Per capita income in the region south of the Sahara rose by an estimated two tenths of one percent. The World Bank and the International Monetary Fund (IMF) announced debt reduction packages of $34 billion for 22 countries, including 18 in Africa.
Topic:: Foreign Policy, Debt, Development, Diplomacy, and Human Welfare
Political Geography:: Africa, Ethiopia, Senegal, Eritrea, and Ghana

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