Financing Economic Development in Low-Income Countries

Joseph Abbey

Chapter 7 in The International Monetary and Financial System, 1996, pp 157-189 from Palgrave Macmillan

Abstract: Abstract Recent performance of the low-income countries (LYCs), the majority of which are in sub-Saharan Africa, has been dismal. Moreover, this cannot be simply laid at the door of poor internal policies. Adjusting LYCs have tended to do better, but they have had financial and technical assistance. It would have been a disaster for international collaboration if non-reformers were out-performing reformers.

Keywords: Current Account; Adjustment Programme; Precautionary Saving; United States Dollar; Debt Relief (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24414-0_7

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DOI: 10.1007/978-1-349-24414-0_7

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