ENGLISH

Economic Development in Africa: Debt Sustainability - Oasis or Mirage?

By United Nations

Book information

Year
2004
ISBN
9211126487, 9789211126488, 9781417577026
LCC
HJ8826 .E26 2004
Open Library ID
OL3463023M
Language
english
Format
PDF
Filesize
7 MB (7126303 bytes)
Pages
100\98
Topic
Economy
Time added
2011-06-04 13:46:07

Description

In the context of the Millennium Development Goals (MDGs), the international community has set itself a target of reducing poverty by half by the year 2015. Many observers have now come to the conclusion that, on present trends, there is very little likelihood that this objective can be achieved at any time close to that date in the poorer countries, including in Africa. The continent’s debt problems and its resource requirements are inextricably linked to the capacity of African countries to generate capital accumulation and growth. The current study questions Africa’s debt sustainability and tries to put these and other related issues in perspective making a number of recommendations on how to deal with Africa’s debt overhang, either through the adoption of new approaches or a major revision and improvement of present debt relief policies.

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