This paper evaluates Senegal's
likely international creditworthiness over the medium and
long terms, and assesses the likely consequences of
projected levels of indebtedness on growth in real GDP and
per capita consumption. It is organized around the fact that
a country's ability to service its debt can be divided
into two components, one relating to the past and the other
to the future. In part one of the paper, Senegal's
accumulation of...
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