Debt Relief Plays Key Role in Helping Sub-Saharan Africa PDF Download

Author:
Publisher:
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 4

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Book Description

Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development, Finance, Trade, and Monetary Policy
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 108

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Book Description

Author: George C. Abbott
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
Sub-Saharan Africa is facing a debt crisis of major international significance. Not only have debt levels risen sharply, but output and exports have stagnated. Standards of living have fallen drastically, and in many cases have been reduced to the level of the early 1960s. This important book argues that it is impossible for Sub-Saharan African countries to resolve the debt crisis without outside assistance. The conventional methods of debt consolidation are inappropriate and of limited use in their case. The SSA countries need to undertake major structural reforms if they are to get out of debt and achieve long term sustainable growth and development. The book provides an integrated debt-development strategy for achieving both these goals. Debt Relief and Sustainable Development in Sub-Saharan Africamakes a significant contribution to an important but hitherto relatively neglected area of the international debt crisis. It will be essential reading for development economists as well as all those with an interest in contemporary Africa.

Author: Percy S. Mistry
Publisher:
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 76

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Book Description

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451921020
Category : Business & Economics
Languages : en
Pages : 42

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Book Description
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.

Author: Mr.Joshua E. Greene
Publisher: International Monetary Fund
ISBN: 1451847165
Category : Business & Economics
Languages : en
Pages : 18

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Book Description
This paper provides updated information on the external debt problem of sub-Saharan Africa. Between 1980 and 1990 the region’s external debt more than tripled, to US$171 billion, while debt service payments and rescheduling rose by more than 150 percent to US$20 billion. In addition, the region continues to qualify as severely debt-distressed. During the last few years the region has benefitted from several new debt initiatives, including a substantial increase in debt cancellation by bilateral creditors and the general application of Toronto terms for debt rescheduling. There are also proposals for further debt assistance, including more liberal rescheduling terms, broader debt forgiveness, and consolidating debt relief and aid generation activities.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451959680
Category : Business & Economics
Languages : en
Pages : 57

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Book Description
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.

Author: Munyae M. Mulinge
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 416

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Book Description
The volume presents a pan-African perspective, giving an overview of the ?African debt dilemma?, causes, effects and policy options. It presents case studies on virtually all the southern, central- southern, and east African countries, and comparative studies on debt and poverty alleviation in sub-Saharan Africa in general, and in the SADC region in particular. An entire section is devoted to theoretical perspectives, covering topics such as debt forgiveness initiatives and poverty alleviation; debt, poverty, compliance and the classics of regression; the urbanisation of poverty, and dichotomous poverty alleviation strategies; and population variables.

Author: All Party Parliamentary Group on Overseas Development
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 88

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Book Description
Measures of Debt Relief

Author: Joshua Eli Greene
Publisher:
ISBN:
Category :
Languages : en
Pages : 18

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Book Description
This paper provides updated information on the external debt problem of sub-Saharan Africa. Between 1980 and 1990 the region`s external debt more than tripled, to US$171 billion, while debt service payments and rescheduling rose by more than 150 percent to US$20 billion. In addition, the region continues to qualify as severely debt-distressed. During the last few years the region has benefitted from several new debt initiatives, including a substantial increase in debt cancellation by bilateral creditors and the general application of Toronto terms for debt rescheduling. There are also proposals for further debt assistance, including more liberal rescheduling terms, broader debt forgiveness, and consolidating debt relief and aid generation activities.