Prudent versus Imprudent Lending to Africa: From Debt Relief to Emerging Lenders

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DEV/DOC(2008)5

Table 2: HIPC Volatility of Exports Variability of Exports 1/ % 1975-1985

1985-1995

1995-2005

Benin Bolivia Burkina Faso Burundi Cameroon Chad Congo, Rep. Cote d'Ivoire Gambia, The Ghana Guinea-Bissau Guyana Madagascar Malawi Mali Mauritania Nicaragua Niger Rwanda Senegal Sierra Leone Togo Uganda Zambia

3.8 2.4 2.4 2.5 4.6 2.2 5.5 2.9 3.2 3.1 3.8 2.6 1.8 2.2 3.2 2.5 1.6 3.2 3.9 1.3 3.7 2.2 3.1 2.3

1.3 2.5 2.8 1.4 1.9 1.6 2.3 .2 3.9 2.4 4.7 3.2 1.3 2.9 2.1 .7 1.7 1.5 3.0 1.1 3.9 2.9 3.6 1.4

2.7 2.7 1.9 3.9 2.8 12.5 3.2 1.3 1.5 1.1 4.0 .9 2.4 .9 3.7 1.0 2.4 1.5 2.3 2.9 2.9 1.9 1.9 1.2

AVERAGE

2.5

2.7

2.7

1/ Standard deviation in levels of exports of goods and services, in percent of the average Source: Authors' calculations, WDI 2006

32

Š OECD 2008


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