Growth and Foreign Debt: The Ugandan Experience
This paper analyses Uganda's external debt problem. Like many other countries in the sub-Saharan Africa, Uganda is a severely indebted low-income country. Uganda's total debt stock at the end June 1993 was estimated at US$2.64 billion, with a debt service ratio of nearly 80%. A look at Uganda's debt profile since the 1970s reveals a composition of debt mainly from multilateral creditors. The study particularly links debt to economic growth.
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