The African capacity to transfer

Gerald E. Scott

Journal of International Development, 1991, vol. 3, issue 2, 163-193

Abstract: As a result of the sizeable external debts accumulated over several years, many Sub‐Saharan African countries face both the serious budgetary problem of extracting resources for debt service payments, and the transfer problem of converting such resources into a form acceptable to creditors. The paper defines the capacity to transfer and identifies its most important determinants, with emphasis on those factors that traditional economic analysis usually ignores. Several examples from the region are used as illustrations of the key factors in a country's capacity to transfer. A number of propositions that could be used as a framework for policies designed to enhance the capacity to transfer, emerge from the discussions.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:3:y:1991:i:2:p:163-193

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