Despite debt relief under the HIPC Initiative, African countries are still vulnerable to the risk of debt distress. The debt sustainability framework therefore remains an essential tool. The management of this tool must be flexible in order to take account of development goals and allow its...

La réglementation bancaire française issue de l’accord de Bâle II est globalement favorable au financement des PME puisqu’elle devrait faciliter la transparence dans les relations banque-entreprise, une offre de crédit et une tarification mieux adaptées à la spécificité de chaque...

Although most bank failures and banking problems historically have been attributable to poorly managed exposures to credit risk, inadequate management of interest rate risk can give rise to the same types of problems, as illustrated by the U.S. 'savings and loan crisis' of the early 1990s....