AFRICA'S NEW DEBTORS

As Western campaigners congratulate themselves on achieving the cancellation or reduction of African countries' foreign debts, the grateful recipients are seeking new ways to borrow more. They aim to finance investment by issuing foreign currency bonds on commercial terms. After the Multilateral Debt Relief Initiative, the Highly Indebted Poor Countries Initiative and bilateral debt write-offs, international money-people see some African states as potentially profitable places to put their money.

Article Tags:
Ghana, Switzerland, Nigeria, Zambia, Kenya, Angola, South Africa, Tunisia, Algeria, Egypt, Morocco, Mali, Uganda, Anne Krueger, United States, Japan, Senegal, China, India, Brazil, Tanzania, Rwanda

end of preview

To read the rest of the article you need to either log in or do one of the following:

Subscribe to Africa Confidential Find out more
Purchase this article on its own Find out more

If you have a print subscription already please click here for full access to the website.
If you have already logged in and believe you should have access to this article please contact customer services.