African debt and the debate on stabilisation: The case of Nigeria
Identifieur interne : 00C141 ( Main/Exploration ); précédent : 00C140; suivant : 00C142African debt and the debate on stabilisation: The case of Nigeria
Auteurs : Trevor W. Parfitt [Royaume-Uni] ; Stephen P. Riley [Royaume-Uni]Source :
- Geoforum [ 0016-7185 ] ; 1988.
Descripteurs français
- Wicri :
English descriptors
- KwdEn :
- African business, African debt, African debtor states, African governments, African indebtedness, African research series, African states, Austerity, Austerity measures, Austerity policies, Austerity programme, Babangida, Babangida administration, Babangida government, Babangida regime, Baker plan, Barter deals, Black market rate, British chancellor, Budget deficit, Buhari, Buhari government, Buhari regime, Bureaucratic strata, Capital accumulation, Central bank, Commercial bank lending, Countertrade, Creditor, Current administration, Debt, Debt crisis, Debt obligations, Debt problems, Debt service, Debt service ratio, Debt trap, Debtor, Debtor state, December, Devaluation, Dollar pound sterling deutsche mark swiss franc, Economic growth, Economic policies, Economic reform, Economist intelligence unit, Exact amount, Export receipts, External debt, February, Financial discipline, Financial times, First half, First lome convention, Food imports, Foreign affairs, Foreign capital, Foreign exchange, Foreign exchange terms, Franc dutch guilder japanese, Free market, Geoforumnolume, Global terms, Import controls, Import licences, Important test case, Indebtedness, Industrial inputs, Inflated prices, Inflationary tendencies, Interest rates, Interim committee, International relations, January, Latin america, Lawson, Lawson plan, Lenient treatment, Local inputs, Local sourcing, London club, Lowest rate, Many african states, Many ways, Market forces, Marketing boards, Naira, Naira terms, Nigeria, Nigerian, Nigerian debt, Nigerian government, Nigerian politics, Nigerian polity, Nigerian populace, November, October, Official rate, Other african states, Other nation, Parallel market, Partial default, Petroleum products, Petroleum subsidy, Political considerations, Production costs, Programme, Public sector, Public spending, Rural sector, Second republic, Sfem, Stabilisation, Stabilisation programme, Stabilisation programmes, State funds, State governments, Subsidy, Such measures, Trade arrears, Urban areas, Viable alternatives, View firstly, West africa, West african hotline, Western interests, Whilst, World bank.
- Teeft :
- African business, African debt, African debtor states, African governments, African indebtedness, African research series, African states, Austerity, Austerity measures, Austerity policies, Austerity programme, Babangida, Babangida administration, Babangida government, Babangida regime, Baker plan, Barter deals, Black market rate, British chancellor, Budget deficit, Buhari, Buhari government, Buhari regime, Bureaucratic strata, Capital accumulation, Central bank, Commercial bank lending, Countertrade, Creditor, Current administration, Debt, Debt crisis, Debt obligations, Debt problems, Debt service, Debt service ratio, Debt trap, Debtor, Debtor state, December, Devaluation, Dollar pound sterling deutsche mark swiss franc, Economic growth, Economic policies, Economic reform, Economist intelligence unit, Exact amount, Export receipts, External debt, February, Financial discipline, Financial times, First half, First lome convention, Food imports, Foreign affairs, Foreign capital, Foreign exchange, Foreign exchange terms, Franc dutch guilder japanese, Free market, Geoforumnolume, Global terms, Import controls, Import licences, Important test case, Indebtedness, Industrial inputs, Inflated prices, Inflationary tendencies, Interest rates, Interim committee, International relations, January, Latin america, Lawson, Lawson plan, Lenient treatment, Local inputs, Local sourcing, London club, Lowest rate, Many african states, Many ways, Market forces, Marketing boards, Naira, Naira terms, Nigeria, Nigerian, Nigerian debt, Nigerian government, Nigerian politics, Nigerian polity, Nigerian populace, November, October, Official rate, Other african states, Other nation, Parallel market, Partial default, Petroleum products, Petroleum subsidy, Political considerations, Production costs, Programme, Public sector, Public spending, Rural sector, Second republic, Sfem, Stabilisation, Stabilisation programme, Stabilisation programmes, State funds, State governments, Subsidy, Such measures, Trade arrears, Urban areas, Viable alternatives, View firstly, West africa, West african hotline, Western interests, Whilst, World bank.
Abstract
Abstract: Nigeria is an important test case of the socio-political effects of debt in Sub-Saharan Africa. First, its level of debt is greater than that of any other nation on the continent. Second, its oil wealth bought it a degree of influence in international relations as evidenced by the leading role played by Nigeria in negotiating the first Lomé Convention. It seems possible that Nigeria may also have a leading influence in determining the reaction of other African states to the debt crisis. Third, Nigeria has taken an ‘independent’ line in dealing with its debt obligations, preferring to keep the IMF at arm's length. Fourth, Nigeria has helped to pioneer the use of techniques such as countertrade and partial default in the management of its debt crisis. This paper surveys the politics of Nigerian debt with a view firstly to assessing what light it throws on the merits and demerits of the IMF medicine for indebtedness and, secondly, to determine whether or not it has produced any viable alternatives to this medicine.
Url:
DOI: 10.1016/S0016-7185(88)80007-1
Affiliations:
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Le document en format XML
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<term>British chancellor</term>
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<term>Creditor</term>
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<term>Debt obligations</term>
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<term>Economic reform</term>
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<term>Parallel market</term>
<term>Partial default</term>
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<term>International relations</term>
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<term>Petroleum products</term>
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<term>Political considerations</term>
<term>Production costs</term>
<term>Programme</term>
<term>Public sector</term>
<term>Public spending</term>
<term>Rural sector</term>
<term>Second republic</term>
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<term>Stabilisation</term>
<term>Stabilisation programme</term>
<term>Stabilisation programmes</term>
<term>State funds</term>
<term>State governments</term>
<term>Subsidy</term>
<term>Such measures</term>
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<front><div type="abstract" xml:lang="en">Abstract: Nigeria is an important test case of the socio-political effects of debt in Sub-Saharan Africa. First, its level of debt is greater than that of any other nation on the continent. Second, its oil wealth bought it a degree of influence in international relations as evidenced by the leading role played by Nigeria in negotiating the first Lomé Convention. It seems possible that Nigeria may also have a leading influence in determining the reaction of other African states to the debt crisis. Third, Nigeria has taken an ‘independent’ line in dealing with its debt obligations, preferring to keep the IMF at arm's length. Fourth, Nigeria has helped to pioneer the use of techniques such as countertrade and partial default in the management of its debt crisis. This paper surveys the politics of Nigerian debt with a view firstly to assessing what light it throws on the merits and demerits of the IMF medicine for indebtedness and, secondly, to determine whether or not it has produced any viable alternatives to this medicine.</div>
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