The External Debt Situation of Cameroon (1970-90): Review and Analysis

The main aim of the thesis is to evaluate ·the implications of external debt on the economic development of Cameroon. That is,
the thesis seeks to prove that the acquisition of debt (as a means to fill the resource gap) in itself is not an end to underdevelopment, but a means to this end. This is because first, the volume of external debt that Cameroon can attract is severely limited by the. perception of the country's ability to service it. Second, heavy reliance on external debt is a risky strategy because it increases. vulnerability to adverse external developments and their attendant development impact in the longterm. That external debt can exercise an essential beneficial role but only when it supplement's and supj?orts sound development policies.

To better analyze the inherent problematic of this thesis, the research methodology has been divided into two main parts: data
collection and data analysis. Data were collected from bilateral, multilateral and private sources ·of debt, using questionnaires and interviews. Two forms of questionnaires were administered to bilateral and multilaterai donors.