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The External Debt Problem of Sub-Saharan Africa

Joshua Greene
Staff Papers (International Monetary Fund)
Vol. 36, No. 4 (Dec., 1989), pp. 836-874
DOI: 10.2307/3867242
Stable URL: http://www.jstor.org/stable/3867242
Page Count: 39
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The External Debt Problem of Sub-Saharan Africa
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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.

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