35. The World bank regards the debt burden of more than 20 African
countries (much of it to governments and multilateral agencies)
as unsustainable, in that its discounted present value in 1991
exceeded 200 percent of their exports. The G-7, recognizing that
it would never be repaid and the severe development costs it imposed,
moved steadily from 1988 onward to reduce the burden, but its
efforts by 1995, if fully applied would bring only six of the
21 countries onto a sustainable path.