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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Africa's Debt Bondage: A Case for Total Cancellation
Author:Rugumamu, Severine M.ISNI
Periodical:Eastern Africa Social Science Research Review (ISSN 1027-1775)
Notes:biblio. refs.
Geographic term:Africa
Subjects:external debt
Economics and Trade
international relations
Economics, Commerce
debt relief
Economic implications
Structural adjustment programmes
Abstract:The purpose of this paper is to present a brief overview of Africa's debt situation as it currently stands, to review traditional and contemporary debt management strategies, and to examine new proposals for resolving the debt problem. Following a brief introduction, the first section situates Africa's economic crisis in general, and the debt crisis in particular, in the context of the global political economy. Section two presents the size, structure and impact of debt on African economies and societies. The third section explores the different attempts that have been made to address the debt crisis in Africa. A case for immediate and total debt cancellation for Africa is argued in the concluding section. Bibliogr., notes, ref., sum.