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- W4205126921 abstract "In the 1980s and 1990s, most African countries experienced a severe debt crisis that led to a pause in economic reform and contributed to a decline in living standards. During the debt crisis, many African countries either experienced stagnation or a reversal of the gains in living standards made in the 1960s and 1970s. The debt crisis also meant that other non-debt forms of capital did not flow. With the unsustainable debts came a weaker investment climate, a lack of available trade credit, and a reduction in foreign direct investment. Sizeable debt relief eventually provided in the 2000s ended the crisis, but only after two decades of economic pain. A key question is why sufficient debt relief, on a largely official debt stock, took so long to materialize, especially as the cost of not providing it was understood at the time and well communicated." @default.
- W4205126921 created "2022-01-25" @default.
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- W4205126921 date "2021-11-01" @default.
- W4205126921 modified "2023-09-26" @default.
- W4205126921 title "African Debt Crises of the 1980s and 1990s" @default.
- W4205126921 doi "https://doi.org/10.1093/oso/9780197619971.003.0005" @default.
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