Forgive Debt, but Keep Lending

Daniel Cohen, Pierre Jacquet and Helmut Reisen

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

MoreLess

Year of publication:	2007
Authors:	Cohen, Daniel
Other Persons:	Jacquet, Pierre (contributor) ; Reisen, Helmut (contributor)
Publisher:	Paris : OECD Publishing
Subject:	Schuldenmanagement \| Debt management \| Internationale Staatsschulden \| International sovereign debt \| Kreditgeschäft \| Bank lending \| Entwicklungsländer \| Developing countries \| Kredit \| Credit \| Öffentliche Schulden \| Public debt

Online Resource

Check full text access |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	2 p. 21 x 29.7cm
Series:	OECD Development Centre Policy Insights ; no.44
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.1787/243721887467 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012445081