The Debt Crisis In Africa
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The Debt Crisis In Africa
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Author : E. Wayne Nafziger
language : en
Publisher:
Release Date : 1993
The Debt Crisis In Africa written by E. Wayne Nafziger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Since the 1970s, African nations have faced chronic economic stagnation, increased poverty, debt and growing inequality among the classes. This book examines attempts to alleviate these problems by such bodies as the World Bank and the International Monetary Fund (IMF), to name a few.
The African Debt Crisis
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Author : Trevor W. Parfitt
language : en
Publisher: Routledge
Release Date : 2010-11-26
The African Debt Crisis written by Trevor W. Parfitt and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-26 with Business & Economics categories.
Assessing both the macro- and micro-economic levels of the contemporary African Debt Crisis, this book, first published in 1989, begins by looking at the origins of the world debt crisis, and then looks closely at the problem as it affects Sub-Saharan Africa. The effects of debt on Africa’s position in international relations are considered, and the roles played by organisations such as the International Monetary Fund and the World Bank are assessed. The authors also examine the local effects in a series of case studies of various states including Nigeria, Ghana and Sierra Leone, the Francophone States and Zaire.
The African Debt Crisis
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Author : Joshua E. Greene
language : en
Publisher:
Release Date : 1990
The African Debt Crisis written by Joshua E. Greene and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Debts, External categories.
The African Debt Crisis
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Author :
language : en
Publisher:
Release Date : 1989
The African Debt Crisis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Debts, External categories.
Where Credit Is Due
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Author : Gregory Smith
language : en
Publisher: Oxford University Press
Release Date : 2021-12-01
Where Credit Is Due written by Gregory Smith and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-01 with Business & Economics categories.
Borrowing is a crucial source of financing for governments all over the world. If they get it wrong, then debt crises can bring progress to a halt. But if it's done right, investment happens and conditions improve. African countries are seeking calmer capital, to raise living standards and give their economies a competitive edge. The African debt landscape has changed radically in the first two decades of the twenty-first century. Since the clean slate of extensive debt relief, states have sought new borrowing opportunities from international capital markets and emerging global powers like China. The new debt composition has increased risk, exacerbated by the 2020 coronavirus pandemic: richer countries borrowed at rock-bottom interest rates, while Africa faced an expensive jump in indebtedness. The escalating debt burden has provoked calls by the G20 for suspension of debt payments. But Africa's debt today is highly complex, and owed to a wider range of lenders. A new approach is needed, and could turn crisis into opportunity. Urgent action by both lenders and borrowers can reduce risk, while carefully preserving market access; and smart deployment of private finance can provide the scale of investment needed to achieve development goals and tackle the climate emergency.
The Sustainability Of African Debt
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Author : Daniel Cohen
language : en
Publisher: World Bank Publications
Release Date : 1999
The Sustainability Of African Debt written by Daniel Cohen and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
July 1996 The role of debt forgiveness is to alleviate what is known as debt overhang. This concept is the core idea of the Brady deals, and it now comes to the African debt crisis. How can one gauge the hypothesis of the debt overhang? To what extent can one attribute the growth slowdown of the 1990s to the debt crisis of the 1980s? Using data from the past decade, the author finds that debt variables play a significant role in that slowdown. In one exercise, he finds that more than half the growth slowdown of the large debtor countries in the 1980s could be attributed to the debt crisis. To what reasonable debt ratio should African debt be written down? Most exercises set the threshold of sustainability of debt at about 200 percent. The easiest way to rationalize such a threshold is first to measure the average value of debt-to-export ratios reached at the time of the first rescheduling of debt in a given country. Using Latin America as a benchmark, one finds an average threshold of 248 percent. However short-sighted such a ratio might be, it goes a long way toward rationalizing the view that a debt-to-export ratio between 200 and 300 percent is a strong signal of a forthcoming crisis. This naive approach takes no account of the changing environment (growth and interest rates) a country must confront. A more subtle approach should allow for the prospect of a country's growth to assess the sustainability of the debt it inherits. With the author's formula for so doing, Africa's debt-to-export ratio should be brought to 198 percent. Another way to assess the sustainability of debt is to look at the secondary market, which allows one to estimate the prospect of repayment expected by market participants. Few African debts are actually quoted on secondary markets, but the author presents a formula for reconstructing estimates of repayment prospects econometrically. By that method, Africa's debt-to-export ratio should be 210 percent, suggesting that a threshold between 200 and 250 percent is about right.
Debt Relief And Sustainable Development In Sub Saharan Africa
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Author : George C. Abbott
language : en
Publisher: Edward Elgar Publishing
Release Date : 1993
Debt Relief And Sustainable Development In Sub Saharan Africa written by George C. Abbott and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
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.
Africa S External Debt
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Author :
language : en
Publisher: African Forum & Network
Release Date : 2003
Africa S External Debt written by and has been published by African Forum & Network this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Debts, External categories.
The Imf The World Bank And The African Debt The Economic Impact
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Author : Bade Onimode
language : en
Publisher:
Release Date : 1989
The Imf The World Bank And The African Debt The Economic Impact written by Bade Onimode and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.
V. 1. The economic impact -- v. 2. The social and political impact.
The African Debt Crisis
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Author : Katama G. C. Mkangi
language : en
Publisher:
Release Date : 1993
The African Debt Crisis written by Katama G. C. Mkangi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Africa categories.