Vol. 2 No. 5 1990 A F R I C AN J O U RN A L OF POLITICAL ECONOMY R E V UE A F R I C A I NE D'ECONOMIE POLITIQUE Adebayo Adedeji Africa's Debt Problem Philip Ndegwa Solution of Africa's External Debt Crisis Within A Framework of Recovery and Growth Babacar Ndiaye Africa's Debt Burden OAU and ECA Africa's External Debt Crisis Keeping up the Momentum Created by the Third Extraordinary Summit of the OAU Heads of State and Government Edward V. K. Jaycox The Search for Solutions to Africa's Debt Problems: A Progress Report African Common Position on Africa's External Debt Crisis >*""")"«*, V A F R I C AN J O U RN A L OF POLITICAL ECONOMY R E V UE A F R I C A I NE D'ECONOMIE POLITIQUE EDITORIAL BOARD Claude Ake: Editor-in-Chief Ibbo Mandaza: Business Editor Abdoulayi Bathily Adele L. Jinadu Mahmood Mamdani Nzongola — Ntalaja Helmy Sharawi Yash Tandon Samir Amin Basil Davidson Ragni Kothari Bernard Magubane Hector Silva Michelena Editorial Advisory Board Dani Nabudere Okwudlba Nnoli Nathan Shamuyarira Tama Tszentes Immanuel Wallerstein Subscriptions: Africa: US$5 per issue (airmail) Elsewhere: US$15 per issue (airmail) Elsewhere: US$12 per issue (surface mail) Orders and Business Correspondence to: The Business Editor AFRICAN JOURNAL OF POLITICAL ECONOMY (AJOPE) Box MP 111 Mount Pleasant Harare. ZIMBABWE Contributions to: Editor-in-Chief AJOPE Professor Claude Ake Faculty of Social Studies University of Port Harcourt Port Harcourt Nigeria Copyright: African Journal of Political Economy AJOPE Revue Africain D'economie Politique RADEP African Association of Political Science AAPS, August, 1989 Typeset by Southern Africa Political Economy Series (SAPES) Trust Printed by Jongwe Press, Harare. AFRICAN JOURNALOF POLITICAL ECONOMY R E V UE A F R I C A I NE D'ECONOMIE POLITIQUE Contents Adebayo Adedeji Africa's Debt Problem No. 5,1990 Philip Ndegwa Solution of Africa's External Debt Crisis Within A Framework of Recovery and Growth Babacar Ndiaye Africa's Debt Burden OAUandECA Africa's External Debt Crisis Keeping up the Momentum Created by the Third Extraordinary Summit of the OAU Heads of State and Government Edward V. K. Jaycox The Search for Solutions to Africa's Debt Problems: A Progress Report OAU African Common Position on Africa's External Debt Crisis 1 8 40 47 57 65