Bond debt and poverty in the WAEMU area

Résumé

In an economic environment where WAEMU (West African Economic and Monetary Union) countries are increasingly turning to the domestic financial market, The objective of this paper is to empirically investigate the link between public debt service by bond issue and poverty on the other hand over the period 2000-2020. This paper uses the Pool Mean Group (PMG) method to estimate a linear model in panel data. The results conclude that the repayment of public debt, resulting from public securities on the stock market, is a source of poverty. The study therefore supports the idea that WAEMU countries should finance industrial projects with capital obtained on the stock market, in order to make these investments profitable and facilitate repayment.