Beyond Aid: How Much Should African Countries Pay to Borrow?
Post debt relief, the number of African countries considering accessing international capital markets, often to fund large infrastructure projects, is increasing. Potential risks of capital inflows are well known but the literature offers little help to estimate the cost of borrowing internationally...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/140 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Post debt relief, the number of African countries considering accessing international capital markets, often to fund large infrastructure projects, is increasing. Potential risks of capital inflows are well known but the literature offers little help to estimate the cost of borrowing internationally for the first time. This paper proposes a two-step approach to estimate the sovereign credit rating and interest rate cost of a country considering borrowing externally. Estimates can be used to assess the costs and benefits of different financing options. The method can also be used to construct foreign currency as well as domestic local currency yield curves |
Beschreibung: | 1 Online-Ressource (21 p) |
ISBN: | 1455201235 9781455201235 |
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spelling | Gueye, Cheikh A. Verfasser aut Beyond Aid How Much Should African Countries Pay to Borrow? Gueye, Cheikh A Washington, D.C International Monetary Fund 2010 1 Online-Ressource (21 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/140 Post debt relief, the number of African countries considering accessing international capital markets, often to fund large infrastructure projects, is increasing. Potential risks of capital inflows are well known but the literature offers little help to estimate the cost of borrowing internationally for the first time. This paper proposes a two-step approach to estimate the sovereign credit rating and interest rate cost of a country considering borrowing externally. Estimates can be used to assess the costs and benefits of different financing options. The method can also be used to construct foreign currency as well as domestic local currency yield curves Online-Ausg Sy, Amadou N. R. Sonstige oth http://elibrary.imf.org/view/IMF001/11038-9781455201235/11038-9781455201235/11038-9781455201235.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Gueye, Cheikh A. Beyond Aid How Much Should African Countries Pay to Borrow? |
title | Beyond Aid How Much Should African Countries Pay to Borrow? |
title_auth | Beyond Aid How Much Should African Countries Pay to Borrow? |
title_exact_search | Beyond Aid How Much Should African Countries Pay to Borrow? |
title_exact_search_txtP | Beyond Aid How Much Should African Countries Pay to Borrow? |
title_full | Beyond Aid How Much Should African Countries Pay to Borrow? Gueye, Cheikh A |
title_fullStr | Beyond Aid How Much Should African Countries Pay to Borrow? Gueye, Cheikh A |
title_full_unstemmed | Beyond Aid How Much Should African Countries Pay to Borrow? Gueye, Cheikh A |
title_short | Beyond Aid |
title_sort | beyond aid how much should african countries pay to borrow |
title_sub | How Much Should African Countries Pay to Borrow? |
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