Working Paper Number
48
Publication Date
2002
Abstract
Sub-Saharan Africa includes 34 of the 42 countries classified as “Heavily Indebted Poor Countries” by the World Bank. The debt burden forces these countries to divert scarce resources from basic necessities, such as health and education, into debt service. Despite bearing these heavy social costs, African countries cannot keep up with the payments, and so they become ever more indebted.
DOI
https://doi.org/10.7275/1274553
Comments
Working Paper 48