This paper analyzes Côte d'Ivoire's experience with telecommunications liberalization and privatization. Côte d'Ivoire privatized its incumbent operator in 1997, and granted the newly privatized firm seven years of fixed-line exclusivity while introducing "managed competition" in the cellular...

At this stage, it is difficult to conclude that the euro will have substantial macroeconomic impact on sub-Saharan Africa, unless launch of the euro becomes the tool of a major policy shift, such as the euroization of the continent - which is currently unlikely. - In considering how the euro...

The paper develops the view that the perspective on the HIPC initiative is distorted by the fact that -contrary to the Brady deal itself- it lacks all perspective on the “market value” of the debt which is written down. The appropriate “market value” is one that takes account of the risk...