The prospects for private capital flows in the context of current debt problems in sub-Saharan Africa

bibliographic database
Line

Periodical article

Title:	The prospects for private capital flows in the context of current debt problems in sub-Saharan Africa
Authors:	Nwankwo, G.O. Cass, J.
Year:	1990
Periodical:	African Review of Money, Finance and Banking - Supplement to 'Savings and Development'
Issue:	1
Pages:	35-49
Language:	English
Geographic term:	Subsaharan Africa
Subject:	capital movements
External link:	https://www.jstor.org/stable/23027201
Abstract:	The combination of low levels of private finance in the past, the decline in new private commitments and inflows, the increasing debt service burden, growing payment difficulties, and the difficult external macroeconomic environment, especially the serious adverse terms of trade and the collapse in commodity prices, including oil prices, indicate that the prospects for future private capital flows to sub-Saharan Africa will continue to be bleak in the foreseeable future. Home remittances by sub-Saharan Africans working or living abroad, repatriation of flight capital, and debt equity swaps are not viable sources of foreign private capital flows to sub-Saharan Africa either. App., notes, ref.