The external debt of sub-Saharan Africa : origins, magnitude and implications for action (English)

This paper discusses the sub-Saharan Africa external debt problem. While no clear solutions a discussion of the origin and development of the Africa debt problem points to some mistakes of the past that need to be avoided in the future. The major ones identified in the paper are excessive responses to favorable but probably temporary terms of trade shifts, inflexible public expenditure programs, investments directed primarily by availability of external...

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Author

Krumm,Kathie L.;
Document Date
1985/07/31
Document Type
Staff Working Paper
Report Number
SWP741
Volume No
1
Total Volume(s)
1
Country
Africa,
Region
Africa,
Disclosure Date
2010/07/01
Doc Name
The external debt of sub-Saharan Africa : origins, magnitude and implications for action
Keywords
debt service

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Citation

Krumm,Kathie L..

The external debt of sub-Saharan Africa : origins, magnitude and implications for action (English). Staff working paper|no. SWP 741 Washington, DC : The World Bank. http://documents.worldbank.org/curated/en/958551468768269528

The external debt of sub-Saharan Africa : origins, magnitude and implications for action (English)

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