Debt in Sub-Saharan Africa: The Local Politics of Stabilisation

This article seeks to contribute to an understanding of the debt crisis in sub-Saharan Africa by examining the domestic effects of international debt in three countries: Ghana, Sierra Leone and Zaire. In analysing the various ways that debt has manifested itself in the differing environments of these countries, the authors focus on the following questions: How did each country get into debt? How indebted are they, on what terms and to whom? What are the political consequences of their indebtedness both at the international and local levels? What have been the consequences of external IMF intervention? Notes, ref.