Forgive Debt, but Keep Lending

Cancelling of poor-country debt does not mean that the best way to give aid is through grants only. Aid through loans may often prove superior, provided that it maintains debt sustainability. A new scheme for soft loans is suggested, with higher interest rates and cancellation provisions if bad shocks occur, to minimise moral hazard and strengthen debt sustainability

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Year of publication:	2007-04
Authors:	Cohen, Daniel ; Jacquet, Pierre ; Reisen, Helmut
Institutions:	Centre de développement, Organisation de Coopération et de Développement Économiques (OCDE)

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Extent:	text/html
Series:	OECD Development Centre Policy Insights.
Type of publication:	Book / Working Paper
Notes:	Number 44
Other identifiers:	10.1787/243721887467 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005045400