01722cas a2200241 a 4500 AALejournalIMF002873 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846584 1018-5941 BD-DhAAL BD-DhAAL Christensen, Jakob. Domestic Debt Markets in Sub-Saharan Africa / Jakob Christensen. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This study discusses the role of domestic debt markets in sub-Saharan Africa (SSA) based on a new dataset covering 27 SSA countries during the 20-year period 1980-2000. The study finds that domestic debt markets in these countries are generally small, highly short-term in nature, and often have a narrow investor base. Domestic interest payments present a significant burden to the budget, despite much smaller domestic than foreign indebtedness. The use of domestic debt is also found to have significantly crowded out private sector lending. Finally, the study identifies significant differences between the size, cost, and maturity structure of domestic debt markets in HIPCs and non-HIPCs. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2004/046 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/046/001.2004.issue-046-en.xml IMF e-Library