Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Public Debt Sustainability in the Republic of Benin

Public Debt Sustainability in the Republic of Benin

Paperback

Biographies General

ISBN10: 6630465458
ISBN13: 9786630465457
Publisher: Our Knowledge Publishing
Published: Oct 1 2026
Pages: 56
Weight: 0.19
Height: 0.13 Width: 6.00 Depth: 9.00
Language: English
Faced with an unfavorable national and international economic environment (budget deficit, low economic growth, deteriorating terms of trade, rising and unsustainable debt, etc.) and an enormous need for basic infrastructure, low-income countries-particularly Benin-rely on public debt as one of their main economic policy tools. Thus, in the early 1970s, many countries benefited from bilateral and multilateral loans. Economic theory suggests that public debt enables new investments to be made in order to ensure steady and stable economic growth. The proceeds from these loans should be used to finance efficient investments capable of ensuring debt repayment. However, it is clear that many developed and developing countries, including Benin, have reached a level of public debt that is unsustainable for their economies. The burden of Benin's public debt acts as a brake on its growth and development.

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