Africa's multilateral debt: a modest proposal

The debt working party focuses on the issue of sub-Saharan African debt concentrating on the role of multilateral institutions as substantial creditors of highly indebted low and middle income countries in the region.

Great attention is given to the initiatives of international financial institutions in approaching debt relief and the debt-related problems caused by them.

Possible measures to resolve the overall debt dilemma of sub-Saharan African countries are suggested and conclusions in the form of policy prescriptions have been made in particular regard to Britain.