Research Catalog

Details

Description

1. xvi, 189 pages; 24 cm

Summary

1. 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.
2. Debt Relief and Sustainable Development in Sub-Saharan Africa makes 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.

Subject

1. Debt relief > Africa, Sub-Saharan
2. Debts, Public > Africa, Sub-Saharan
3. Structural adjustment (Economic policy) > Africa, Sub-Saharan

Contents

1. 1. The Macroeconomy of SSA Countries. A. General Characteristics. B. Two Crises. C. A Review of Macroeconomic Trends. D. The Agricultural Sector. E. Trade and Payments. F. The Public Sector. G. Social Conditions and Trends -- 2. The Debt Crisis. A. Its Nature and Causes. B. The Taxomony of Debtors. C. Structure and Composition of Debts. D. The Dynamics of Debt Servicing. E. Debt Service Payments. F. Other Debt Indicators. G. Impact and Outlook -- 3. Debt Relief Measures and Proposals. A. The Conventional Approach. B. Methods and Techniques. C. The Postwar Situation. D. Retroactive Terms Adjustment. E. Bilateral Relief Initiatives. F. The Toronto Summit Agreement. G. Post-Toronto Initiatives and Proposals. H. Proposal for Refinancing African External Debt -- 4. Structural Adjustment in SSA Countries. A. The Need for Adjustment. B. APPER and UNPAAERD. C. The Wass Report. D. Stabilization and IMF-Supported Programmes. E. World Bank Adjustment Programmes.
2. F. The African Alternative Framework. G. Structural Adjustment in Perspective -- 5. Towards Sustainable Development. A. Strategies of the 1980s. B. The Role of Relief. C. The Current Paradigms. D. An Integrated Debt-Development Strategy. E. Concluding Remarks -- App. A.1 Basic indicators for Sub-Saharan African countries -- App. A.2 Terms of trade for selected SSA countries, 1970-88 -- App. A.3 Net resource flows to Sub-Saharan Africa, 1980-88 -- App. A.4 Cancellations of SSA countries' ODA debt, by donor country, 1980-90 -- App. A.5 Rescheduling agreements for SSA countries under Paris Club application of Toronto Terms, as of July 1990 -- App. A.6 Summary of proposed policy instruments and measures under AAF-SAP -- App. A.7 Summary of policy instruments and measures to be modified under AAF-SAP.

Owning institution

1. Columbia University Libraries

Bibliography (note)

1. Includes bibliographical references (p. 175-182) and index.