000			01768cam a2200169 4500500
005			20250121212349.0
041			_afre
042			_adc
100	1	0	_aFabre, Camille _eauthor
700	1	0	_a Marsilli, Clément _eauthor
245	0	0	_aEmerging Market Debt and Development Economics: a Retrospect from 1970 to the Covid
260			_c2021.
500			_a18
520			_aFollowing the Covid crisis, debt was mobilized on a large scale and rapidly, in the developed countries, the situation is more complicated for the emerging countries, and a fortiori the developing countries, because of the low level of local revenue mobilization in these countries, as well as limited access to financial markets, or else at high rates. The crisis is undermining the traditional public debt management instruments in emerging countries, and the analysis proposes the use of other contractual instruments to finance this debt. In view of the magnitude in emerging countries financing needs, more private flows are needed because the response of multilateral organizations and official bilateral donors alone will not be sufficient. It is also necessary to ensure that the debt sustainability of these countries is not jeopardized and that, in the event of restructuring, it is shared equitably among all creditors. It is this balance that must guide all stakeholders in order to build a more secure financial system. And one that will ultimately enable these countries to be more resilient to natural disasters. JEL Codes: E44, F21, F30, F34, F40, G00, G10, G15, G30.
786	0		_nRevue d'économie financière | 141 | 1 | 2021-06-28 | p. 23-44 | 0987-3368
856	4	1	_uhttps://shs.cairn.info/journal-revue-d-economie-financiere-2021-1-page-23?lang=en&redirect-ssocas=7080
999			_c697904 _d697904