By 1991 nearly all CFA zone countries had debt above 100 percent of GDP

Evidence

It all began in the early 1980s with rising global interest rates, falling commodity prices and the resulting international debt crisis. The countries of the franc zone, which until then had seemed to be in good economic health, were severely affected. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 205 (#corroborates, via linked claim)

Categorization

• XREF: connects to: Rising interest rates and falling commodity prices triggered the franc zone debt crisis — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 205; Italy had exceeded 100 percent debt-to-GDP in 2001 without market alarm — Mark Blyth, Austerity: The History of a Dangerous…, 150

Related

• Rising interest rates and falling commodity prices triggered the franc zone debt crisis (similarity 0.90)
• Italy had exceeded 100 percent debt-to-GDP in 2001 without market alarm (similarity 0.84)
• The 1980s debt crisis triggered IMF demands for CFA devaluation (similarity 0.78)

Broader Connections

• Rising interest rates and falling commodity prices triggered the franc zone debt crisis #corroborates (0.60) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 205