... above, have never posed a major threat to the international economic stability of the world and so the affected countries have not benefited from significant amounts of debt relief and the debt crisis is very much still a reality for them. Their debt service payments still account for 15 to 20 percent of their export revenues and the situation is particularly bad in Sub-Saharan Africa where total ... from major Western governments and investors including half of all US aid to black Africa in the late 1970's. The former President, rather than investing the funds in productive projects, us...

• Word Count: 2437
• Approx Pages: 10
• Grade Level: Graduate