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Growth and Foreign Debt: The Ugandan Experience

Author

Listed:
  • Mbire, B.
  • Atingi, M.

Abstract

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.

Suggested Citation

  • Mbire, B. & Atingi, M., 1997. "Growth and Foreign Debt: The Ugandan Experience," Papers 66, African Economic Research Consortium.
    • Handle: RePEc:fth:afrirc:66
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    Citations

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    Cited by:

    1. Luke Okafor & Joanna Tyrowicz, 2010. "Saving less when there is more foreign lending? Foreign debt and savings in developing countries," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 13(3), pages 213-223.
    2. Chukwuebuka Bernard Azolibe, 2021. "Determinants of External Indebtedness in Heavily Indebted Poor Countries: What Macroeconomic and Socio-Economic Factors Matter?," The American Economist, Sage Publications, vol. 66(2), pages 249-264, October.
    3. Maureen Were, 2001. "The Impact of External Debt on Economic Growth in Kenya: An Empirical Assessment," WIDER Working Paper Series DP2001-116, World Institute for Development Economic Research (UNU-WIDER).
    4. Manamba EPAPHRA & William MESIET, 2021. "The external debt burden and economic growth in Africa: a panel data analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(627), S), pages 175-206, Summer.

    More about this item

    Keywords

    UGANDA ; DEBT ; ECONOMIC GROWTH;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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