The External Debt Problem of Sub-Saharan Africa

Greene, Joshua Eli

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The External Debt Problem of Sub-Saharan Africa

IMF Working Paper No. 89/23

42 Pages Posted: 15 Feb 2006

See all articles by Joshua Eli Greene

Joshua Eli Greene

Singapore Management University

Date Written: March 17, 1989

Abstract

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

Greene, Joshua Eli, The External Debt Problem of Sub-Saharan Africa (March 17, 1989). IMF Working Paper No. 89/23, Available at SSRN: https://ssrn.com/abstract=884655