The representatives of the Group of Creditors of Cuba and of the Government of the Republic of Cuba met in Paris on 16 and 17 January 2025 to amend the terms of the agreements dated 10 June 2021 and 12 December 2015.... Lire la suite
On 8 December 2024, William Roos, Head of Department for Multilateral Affairs, Trade and Development Policies at the French Treasury, and Situmbeko Musokotwane, Minister of Finance of Zambia, signed in Lusaka the bilateral agreement implementing, for France, the debt treatment for Zambia negotiated under the Common Framework.... Lire la suite
Emerging economies, especially Asian countries and commodity exporters, are the most vulnerable to the structural slowdown in Chinese growth, due to their high degree of trade and financial dependence on China (loans, FDI). They are expected to be affected by falling Chinese demand and the resulting impact on commodity prices, as well as by gradual, ongoing cuts to Chinese financing.... Lire la suite
The holding and market of certain so-called safe assets play an essential role in financial stability. The definition of these assets is not consensual, as various qualities can contribute to the safety offered by a financial security: countercyclicality, liquidity, credit quality and stability. The study identifies a set of securities that play the role of safe assets according to these criteria... Lire la suite
China’s public finances are organised in a complex and opaque manner, and are structured into various accounts with unclear scopes, along with off-balance sheet commitments. The important role of public investment in China's growth has resulted in high debt levels for local governments. In the wake of the COVID-19 pandemic, local finances are at risk, which has made far-reaching reforms all the mo... Lire la suite
Within the framework of the Coeuré Committee, the French Treasury has developed a microsimulation tool which allows to estimate the impact of the crisis, and of public measures taken in response, on the financial health of French firms. Results show that firms’ financial health has deteriorated in 2020 compared to a year without crisis, but that public support – mostly the short-time work scheme a... Lire la suite
A recovery in regional economic growth unevenly distributed among the countries of the region The latest IMF data released in April 2018 (World Economic Outlook, April 2018) confirms an increase in sub-Saharan Africa economic growth from 0.7% in 2016 to 1.4% last year, which is higher (by 0.1 percentage point) to last October's forecast, and expect an upward trend with + 1.9% in 2018. Nevertheles... Lire la suite