Paper Summary:

This paper examines the dimension of Kenya's national debt. It describes the enormity of the debt in human terms, as the author writes that the cost of paying just the interest alone on the debt is far larger than what the government spends on healthcare. The paper investigates the true motives of the Poverty Reduction Strategy.

Table of Contents
Introduction
Poverty Reduction Strategy
Purpose of the Poverty Reduction Strategy
Political Consequences
Political pressure by IMF
Internal violence
Conclusion
In Text Citations

From the Paper:

"Africa spends four times more on interest on her loans than on healthcare.

"The issue of Third World debt is one that cannot be ignored or wished away. In just 10 years, it escalated from a little over $400 billion in 1980 to a staggering $1.3 trillion in 1990. Kenya's eternal debt is more than $7 billion". Nairobi (The Nation, October 13, 1998) ""

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