Abstract
For many countries, the fourth important set of talks was with non-bank commercial creditors. These were mostly non-financial companies and suppliers of goods and services, who lent short-term to importers in a debtor country, without insurance from creditor-government export credit agencies against non-payment. Estimates of a continental total are unreliable: published data put suppliers’ credits at US$4bn, under 3 per cent of Sub-Saharan debt, but unpublished IFI data adds US$3.6bn of non-bank commercial debt, producing a total of US$7.6bn (4.5 per cent of total debt) at the end of 1989. They received US$0.8bn of debt service in 1989.
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© 1991 Matthew Martin
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Martin, M. (1991). Non-Bank Commercial Debt Negotiations. In: The Crumbling Façade of African Debt Negotiations. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12325-4_5
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DOI: https://doi.org/10.1007/978-1-349-12325-4_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-12327-8
Online ISBN: 978-1-349-12325-4
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