AUTHOR(S): CLEMENT NWAKOBY and DR. ABEL E. EZEOHA
FROM AFRICAN BANKING AND FINANCE REVIEW VOL. 1 NO.2 APRIL 2011
PUBLISHED BY THE DEPARTMENT OF BANKING AND FINANCE, NNAMDI AZIKIWE UNIVERSITY, AWKA.
This paper takes a historically comparative look into the external debt situation in sub-Saharan Africa. It makes a careful selection of the cases of Nigeria and Tanzania. The choice of the countries represents two extreme ideologies of the leaders of Africa immediately after independence in the 1960s – the liberal disposition of Nigeria and the conservative approach shown by Tanzania. How did these early ideologies impact on the external debt burdens of the respective SubSaharan African countries that adopted them? This is a question pried into in this paper, The historical intent of this paper is designed to correct the mistakes of the past.
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Tags: Debt Management, Debt Management Office, Diversification Strategy, External Debt Situation, External Debt Sources/Loans, External Lending Agencies, Highly Indebted Poor Countries, Public Debt, Sub-Saharan Africa, Tanzania Debt Data., Underdeveloped Countries