Stambuli, P. Kalonga - EconWPA - 2003
Further to investigation of how Malawi accumulated external debts amounting to $2.7 billion, without a corresponding … gaps in external liquidity and increasing demand for foreign borrowing. The paper also finds that Malawi suffered a heavy … after 1976 was transmitted worldwide and as a result, the rate of interest on Malawi debt rose (by 373%) from only 1.9% in …