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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INFORMATION
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1985/07/31
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Document de travail des services de la Banque mondiale
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SWP741
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1
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1
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2010/07/01
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The external debt of sub-Saharan Africa : origins, magnitude and implications for action
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debt service
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