The Crumbling Faade of African Debt Negotiations No Winners [Paperback]

An analysis of Sub-Saharan Africa's debt negotiations in the 1980s. It provides a framework for assessing the major types of debt negotiation, showing that faulty procedure made agreements vulnerable to failure, so that nobody was winning.Negotiating economic policy with the IMF; debt to governments - the Paris club; debt to commercial banks - the London club; non-bank commercial debt negotiations; financing adjustment with growth - does the package fit together?; the 1986-90 initiatives - a break with the past; winners all - negotiating finance for development.