The External Debt Problem of Sub-Saharan Africa

International Monetary Fund

No 1989/023, IMF Working Papers from International Monetary Fund

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.

Keywords: WP; debt service obligation; debt forgiveness; debt service ratio; Sub-Saharan Africa country; commercial bank; debt problem; debt service level; short-term debt; meeting debt-service obligation; debt service problem; debt-service difficulty; debt-buyout facility; Debt service; Debt relief; Debt burden; Debt rescheduling; Sub-Saharan Africa; Africa (search for similar items in EconPapers)
Pages: 42
Date: 1989-01-01
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Citations: View citations in EconPapers (6)

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