- Part 1 The macroeconomy of SSA countries: general characteristics
- two crises
- a review of macroeconomic trends
- the agricultural sector
- trade and payments
- the public sector. Part 2 The debt crisis: its nature and causes
- the taxomony of debtors
- structure and composition of debts
- debt-service payments
- other debt indicators
- impact and outlook. Part 3 Debt relief measures and proposals: the conventional approach
- methods and techniques
- the post-war situation
- retroactive terms adjustment
- bilateral relief initiatives
- proposal for refinancing African external debt. Part 4 Structural adjustment in SSa coountries: the need for adjustment
- APPER and UNPAAERD
- the Wass report
- stabilization and IMF-supportyed programmes
- world bank adjustment programmes
- the African alternative framework. Part 5 Towards sustainable development: strategies of the 1980s
- the role of relief
- the current paradigms
- an integrated debt-development strategy
- concluding remarks.
- (source: Nielsen Book Data)
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 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 Africa" aims to make 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.
(source: Nielsen Book Data)