Template-Type: ReDIF-Paper 1.0
Title: Rendemic uncertainties in developing countries: Issues arising from an increased interdependence between banks and the state  
Number: 70958c94-9898-4267-93b6-91e2a0b3929b
Handle: RePEc:avg:wpaper:fr13584
Publication-Status: Published in Macrodev
Author-Name: Sylvain Bellefontaine 
Author-Name: Cécile DUQUESNAY
Author-Name: Marion Hémar
Author-Name: Benoît Jonveaux
Author-Name: Emmanuelle Mansart Monat
Author-Name: Meghann Puloc’h
Author-Name: Maxime TERRIEUX
Author-Name: Alix Vigato
Author-Name: Maëlan Le Goff
Author-Name: Luciana Torrellio
Author-Name: Cécile Valadier
Abstract: An increased recourse to financing from the domestic banking sector has proved to be an important source of resilience for many developing countries in their efforts to face expenditures generated by the Covid-19 crisis. The second issue of MacroDev Semestrial Panorama offers an analysis of the consequences of an increase in sovereign indebtedness to the local financial sector and of the risks associated with this closer interconnection between states, central banks and commercial banks. Ten brief country surveys complement the issue and, through a summary of the main economic and financial challenges faced by these countries, illustrate the stakes of financing in developing economies.
Creation-Date: 2022-02-02
File-URL: https://www.afd.fr/sites/afd/files/2022-02-03-35-44/AFD-MacroDev37%20-%20semestriel-UK-WEB.pdf
File-Format: Application/pdf
Keywords: Cameroun, Éthiopie, Ghana, Kenya, Togo, Brésil, Costa Rica, Indonésie, Liban, République dominicaine
Classification-JEL: E
Length: 41