The Sustainability of African Debt

Abstract

Many large debtors of the 1980s, such as Argentina, Brazil or Mexico, have now escaped from the sequence of painful reschedulings which marred their economic prospects for almost a decade. Such is not the case in Africa; external debt remains large, and no arrangement has yet been devised to open the way to a brighter future. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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