External Debt Problem of Sub-Saharan Africa
- Peter Wickham, Jacob Frenkel, and Michael Dooley
- Published Date:
- March 1989
- 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.