Chapter

External Debt Problem of Sub-Saharan Africa

Editor(s):
Peter Wickham, Jacob Frenkel, and Michael Dooley
Published Date:
March 1989
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    Author(s)
    JOSHUA GREENE*

    The massive external debt burden of sub-Saharan Africa has gained wide-spread 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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