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African Economic Reform: The External Dimension
     

African Economic Reform: The External Dimension

by Carol Lancaster
 

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This study proposes a new initiative involving the cancellation of concessional rescheduling of public bilateral debt of reforming African countries through a new international mechanism that would replace existing ones such as the Paris Club and the World Bank Consultative Groups. Each of a series of Adjustment Review Consortia would bring together representatives

Overview

This study proposes a new initiative involving the cancellation of concessional rescheduling of public bilateral debt of reforming African countries through a new international mechanism that would replace existing ones such as the Paris Club and the World Bank Consultative Groups. Each of a series of Adjustment Review Consortia would bring together representatives of donor and creditor governments international aid and development agencies, and an African government to coordinate debt relief, aid, and reform initiatives. Properly implements, ARCs would contribute to building a system in which economic need and performance, not political favoritism, play the principal roles in how debt and external financing in general are managed.

Product Details

ISBN-13:
9780881320961
Publisher:
Peterson Institute for International Economics
Publication date:
06/28/1991
Series:
Policy Analysis in International Economics Series
Pages:
50
Age Range:
18 Years

Meet the Author

Carol Lancaster was a visiting fellow at the Institute for International Economics and an assistant professor of politics in the School of Foreign Service of Georgetown University. She was formerly a Deputy Assistant Secretary of State for African Affairs and a member of the Policy Planning Staff of the State Department. She is the author of numerous articles on foreign aid and on African politics and political economy, and coeditor (with John Williamson) of African Debt and Financing.

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