In this study, we analyse extended periods of growth in Africa based on panel estimations from 27 African countries during the 1960-1996 period. Only a dozen of such rapid growth episodes are observable in Africa since 1960, and several of them eventually came to an end. We use all existing...

The innovation of this paper is the proof of a relationship between human capital and growth, using a sample of 83 countries and six time periods between 1960 and 1990. Nonetheless, calculations from both interactive and variable-coefficient models based on these same panel data suggest that the...

This Technical paper presents the results of research carried out with the aim of defining and explaining how the debt crisis burden is shared between the different creditors. The interaction between creditors, which is seen primarily in this burden-sharing, is a phenomenon that has been unduly...

This paper presents an assessment of the results of Brady plans for debtor countries which have implemented such agreements (Costa Rica, Mexico, the Philippines, Uruguay and Venezuela). First, we show that the relatively successful Mexican case cannot be generalized, due to the great diversity...

This paper presents the variety of debt relief measures from which Mali has benefited in recent years. Particular emphasis is placed on the 1988 measures accorded by the Paris Club under the Toronto terms, of which the country was the first beneficiary. This relief, and the adjustment policy...