The External Debt Problem of Sub-Saharan Africa

Joshua Greene
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Joshua Greene: International Monetary Fund

IMF Staff Papers, 1989, vol. 36, issue 4, 836-874

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.

Date: 1989
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