01707cas a2200241 a 4500 AALejournalIMF000385 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451961119 1018-5941 BD-DhAAL BD-DhAAL Ajayi, Simeon. An Analysis of External Debt and Capital Flight in the Severely Indebted Low Income Countries in Sub-Saharan Africa / Simeon Ajayi. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (62 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The general objective of this study is to analyze the external debt and debt burdens of the severely indebted sub-Saharan African countries, estimate the magnitude of capital flight from them, and relate the estimate of capital flight to some macroeconomic aggregates. The study also contains policy implications of international efforts to deal with the high levels of external debt in sub-Saharan Africa in conditions of extreme poverty, and stagnant and declining exports. It questions the theoretical foundation in which the external debt strategy has been based and offers solutions to the external debt problem. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/068 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/068/001.1997.issue-068-en.xml IMF e-Library