Soveriegn Debt in Sub-Saharan Africa

Document Type


Publication Date

Spring 2013


The phrase “sovereign debt crisis” has been in the news a lot recently, primarily because of the precarious fiscal situation of Greece and fear of dire consequences for the Eurozone and even the global economy if the Greek government defaults. Although the differences are many, for some of us the Greek crisis called to mind another sovereign financial crisis that began more than 30 years ago and still has not been entirely resolved—at least so far as the nations of sub-Saharan Africa (SSA) are concerned.


Published in 30:2 GP-Solo p. 68 (ABA, March/April 2013). This is a slightly abbreviated version of a longer article, The Other Sovereign Debt Crisis - A 30-Year Update on Sub-Saharan Africa, 41:3 International Law News p. 9 (ABA, Summer 2012).