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  • African Debt Crisis by Touna Mama and Mbanga

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    The document examines past and present debt relief strategies for Africa and finds them lacking. It analyzes Africa's ongoing debt crisis, which persists due to failures of previous debt reduction efforts. Even the widely touted HIPC initiative falls short of providing an adequate, lasting solution to African nations' debt problems. The study critically reviews debt relief efforts to resolve why addressing debt remains important despite past attempts, and whether HIPC can truly solve African debt.

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    African debt crisis by Touna mama and Mbanga

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    The document examines past and present debt relief strategies for Africa and finds them lacking. It analyzes Africa's ongoing debt crisis, which persists due to failures of previous debt reduction efforts. Even the widely touted HIPC initiative falls short of providing an adequate, lasting solution to African nations' debt problems. The study critically reviews debt relief efforts to resolve why addressing debt remains important despite past attempts, and whether HIPC can truly solve African debt.

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    © All Rights Reserved
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    35 views1 page

    African Debt Crisis by Touna Mama and Mbanga

    Uploaded by

    prince marc
    The document examines past and present debt relief strategies for Africa and finds them lacking. It analyzes Africa's ongoing debt crisis, which persists due to failures of previous debt reduction efforts. Even the widely touted HIPC initiative falls short of providing an adequate, lasting solution to African nations' debt problems. The study critically reviews debt relief efforts to resolve why addressing debt remains important despite past attempts, and whether HIPC can truly solve African debt.

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    © All Rights Reserved
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    of 1

    The African Debt Crisis: A Critical Examination of Debt Relief Strategies

    (Abstract)

    By: TOUNA MAMA and George Ndoh MBANGA


    In : Revue Africaine des Sciences Economiques et de Gestion
    Juillet-Décembre 2001, Vol. III, N° 2
    The full article document has 41-62 pages

    In this paper we critically examined the past and present debt reduction strategies, put in
    place to resolve the debt crisis. The study focuses on two main questions: why should we be
    talking about the debt problem today if the past debt reduction strategies were really
    successful and whether the HIPC initiative will be a panacea to the African debt problem.
    Thus, an analysis of the debt crisis reveals that the external debt burden of Africa is still
    higher than that of any other region of the world due to the failure of the past debt relief
    strategies. Even the most cherished HIPC initiative is far adequate to be a lasting solution to
    the debt problems.

    Descriptors: Debt Management, HIPC Initiative, Financial Policy, External Debt.

    Contact: RASEG, FSEG


    Université de Yaoundé II
    BP 1365
    YAOUNDE – CAMEROUN
    Tel./Fax : (237) 223 65 53

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