External Debt and Capital Flight in Sub-Saharan Africa
Simeon Ibidayo Ajayi, Mohsin S. Khan
International Monetary Fund, 2000 - Business & Economics - 321 pages
Mounting external debt and large-scale capital flight have been at the forefront of Africa's economic problems since the 1980s. External Debt and Capital Flight in Sub-Saharan Africa, edited by S. Ibi Ajayi and Mohsin S. Khan, takes a penetrating look at debt and capital flight during the 1990s in Ghana, Kenya, Nigeria, Tanzania, and Uganda. The book describes the size and composition of debt in the selected countries and examines the causes of the debt buildup. It also assesses the extent of capital flight and suggests ways of stemming the flight of financial resources.
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External Debt and Capital Flight in Sub-Saharan Africa, Part 288
Mohsin S. Khan
Limited preview - 2000
African Economic Research Ajayi arrears average balance of payments Bank of Uganda borrowing capital ﬂight capital ﬂows capital outﬂows creditors Cuddington current account debt burden debt crisis debt outstanding debt overhang debt problem debt reduction debt-export ratio debt-GNP ratio debt-service payments debt-service ratio deﬁcit developing countries economic growth Economic Research Consortium equation exchange rate external claims external debt factors Finance ﬁnancing ﬁscal Flight foreign assets foreign exchange Ghana growth rate guaranteed imports income increase inﬂation interest rates International Monetary Fund Kenya Lessard and Williamson loans macroeconomic million Morgan Guaranty multilateral Nairobi Nigeria nomic Paris Club percent period reﬂected rescheduling residents sector signiﬁcant simulation Source Statistics stock of external structural adjustment Sub-Saharan Africa sub-Saharan African countries Tanzania terms of trade total debt total external debt trade misinvoicing U.S. dollars Uganda variables various issues Washington World Bank World Debt Tables