01741cas a2200253 a 4500 AALejournalIMF006527 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455201235 1018-5941 BD-DhAAL BD-DhAAL Gueye, Cheikh. Beyond Aid : How Much Should African Countries Pay to Borrow? / Cheikh Gueye, Amadou Sy. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (21 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 Post debt relief, the number of African countries considering accessing international capital markets, often to fund large infrastructure projects, is increasing. Potential risks of capital inflows are well known but the literature offers little help to estimate the cost of borrowing internationally for the first time. This paper proposes a two-step approach to estimate the sovereign credit rating and interest rate cost of a country considering borrowing externally. Estimates can be used to assess the costs and benefits of different financing options. The method can also be used to construct foreign currency as well as domestic local currency yield curves. Mode of access: Internet Sy, Amadou. IMF Working Papers; Working Paper ; No. 2010/140 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/140/001.2010.issue-140-en.xml IMF e-Library