External Indebtedness of Developing Countries by Ulrich Baumgartner

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External Indebtedness of Developing Countries

The external indebtedness of non-oil developing countries has been of growing concern in recent years. Several factors have brought the debt issue to the forefront of the problems facing a number of countries, including the rapid rise in extenal debt in the recent past, changes in the composition of debt (toward a greater proportion owed to commercial banks) and the attendant deterioration in the terms of debt, and the rise in debt service resulting from these developments.

Publisher: International Monetary Fund ISBN: 9781463986971 Pages: 59