The External Debt Problem of Sub-Saharan Africa
42 Pages Posted: 15 Feb 2006
Date Written: March 17, 1989
The massive external debt burden of Sub-Saharan Africa has gained widespread attention as a serious policy issue during the past few years. This paper reviews recent trends in the debt levels and economic performance of Sub-Saharan countries and assesses a number of proposals for reducing their external debt service obligations. There is also a discussion of the modalities of various debt relief proposals that have been advanced.
JEL Classification: 1120, 1215, 4430
Suggested Citation: Suggested Citation