Debt Issues in Africa: Thinking beyond the HIPC Initiative to Solving Structural Problems

Alemayehu Geda ()

No DP2002-35, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper attempts to answer the following question: If the HIPC Initiative is fully successful and managed to write-off all debt that is owed by Africa, will the debt problem be over? The answer is 'no'. This pessimist answer is arrived at by examining the historical origin of African debt and the structural problems the continent is confronted with. The literature about the origins of the African debt crisis lists a number of factors as its cause.

Keywords: Public debt; Economic conditions; International trade (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (3)

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