Review of African Political Economy
Review of African Political Economy - Vol. 21 No. 62
Debt Relief for Africa
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Abstract of Article
Title:Debt Relief for Africa
Author:Kevin Watkins
Location:Vol.21 No.62 (December 1994), pp599-609
 External debt remains a major obstacle to human development in sub-Saharan Africa. Repayments on that debt swallow up $10bn annually, diverting on a massive scale the resources needed for investment in health, education, employment and economic recovery. These transfers from the world's poorest region are unacceptable and should be stopped. Yet in contrast to other developing regions and even eastern Europe, existing debt-relief measures for sub-Saharan Africa are totally inadequate.

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