Deepening Integration in SADC - Fes-botswana.org

4.2 External Debt
Most SADC countries have experienced an increasing external debt
burden over the last two decades. In some countries such as
DRC, Mozambique and Zambia, the external debt has been high (Table
4).
Due to this debt positions, access to external funding sources, other
than official sources on highly concessional terms, remains limited.
Five of SADC Member states are eligible to the Highly Indebted Poor
Countries Initiative (HIPC). Two of them, namely Mozambique and
Tanzania have reached the completion point. Another two, Malawi
and Zambia, have reached the decision points while the DRC is still
under consideration.
The HIPIC initiative is expected to relieve considerable levels of
resources, which may be applied directly in poverty reduction areas of
development in the concerned SADC Member States.
Table able 4: 4: Exter External Exter nal Debt Debt Situation Situation (% (% (% of of GDP)
GDP)
Member Member state state
Range Range Range of of Exter Exter External Exter External
nal Debt*
Debt*
1. Angola 100-140
2. Botswana 20-25
3. DRC 200-225 (H)
4. Lesotho 75-100
5. Malawi 150-160 (H)
6. Mauritius 50-60
7.Mozambique 75-100
8. Namibia -
9. South Africa -
10. Swaziland -
11. Tanzania 75-100
12. Zambia 175-200 (H)
11. Zimbabwe 50-75
SADC
Source: World Bank, 2002
100-125
* Based on discounting techniques
H = High
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