Debt Growth and the Prospects for Debt Reduction;The Case of Sub-Saharan African Countries

International Monetary Fund

No 1989/071, IMF Working Papers from International Monetary Fund

Abstract: This paper analyzes the causes of growth of Africa’s debt burden, and discusses the factors that induced African countries to seek external loans as well as the factors affecting the supply of external financing. The paper studies the development of some measures of debt burden for different categories of African debtors, and arrives at a hypothesis regarding feasible levels of debt and debt service ratios. In a final section, the paper discusses the options for debt relief using a simulation of payments ability.

Keywords: WP; debt service ratio; interest payment; payments problem; debt service payment; annual debt service; long-term debt; amortization payment; debt service requirement; Debt service ratios; Debt service; Exports; Debt burden; Interest payments; Sub-Saharan Africa; Africa (search for similar items in EconPapers)
Pages: 57
Date: 1989-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1989/071

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