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Will HIPC matter? The debt game and donor behaviour in Africa
Birdsall, Nancy; Claessens, Stijn; Diwan, Ishac - 2002
In this paper we focus on the question: will the HIPC debt reduction programme help in the transformation of the development assistance business and change the rules of the ‘debt game’ in Africa? We concentrate on the donor and official creditor side, by exploring how the growing debt of...
Persistent link: https://www.econbiz.de/10010279105
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Debt dynamics and contingency financing: Theoretical reappraisal of the HIPC initiative
Nissanke, Machiko; Ferrarini, Benno - 2001
The objective of this paper is to examine debt dynamics of highly indebted poor countries (HIPCs) and identify key factors responsible for their protracted debt crisis. For this purpose, we first evaluate economic conditions of debt sustainability in the context of the intertemporal borrowing...
Persistent link: https://www.econbiz.de/10010279147
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Owning economic reforms: A comparative study of Ghana and Tanzania
Tsikata, Yvonne M. - 2001
This paper compares reform ownership in Ghana and Tanzania over the past two decades. It finds that on several dimensions, Ghana’s early economic reforms enjoyed a high degree of ownership. That ownership was not embedded, however, in a politico-institutional framework that ensured that...
Persistent link: https://www.econbiz.de/10010279112
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Aid to fragile states: Do donors help or hinder?
Browne, Stephen - 2007
he record of aid to fragile and poorly-performing states is the real test of aid effectiveness. Rich countries can justify aid to fragile states both through altruism and self-interest. But, with some exceptions, donors have appeared at the wrong times and with the wrong attitudes, even...
Persistent link: https://www.econbiz.de/10010323522
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Post-conflict recovery: Does the global economy work for peace?
Addison, Tony - 2005
economic and social recovery of conflict-affected countries cannot be separated from their interaction with the rest of the … agenda. Post-conflict economies also need more external finance to support early institutional development and reform …
Persistent link: https://www.econbiz.de/10010279288
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Debt relief and civil war
Addison, Tony; Murshed, S. Mansoob - 2001
Of the 41 HIPCs, 11 are classified by the IMF and World Bank as conflict-affected. Can debt relief reduce the level of … violent conflict in these countries? By providing additional resources to finance broad-based public spending, debt relief … could help to redress the grievances that contribute to conflict. It could also reduce the ability of those motivated by …
Persistent link: https://www.econbiz.de/10010279301
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Do donors target aid in line with the Millennium Development Goals? A sector perspective of aid allocation
Thiele, Rainer; Nunnenkamp, Peter; Dreher, Axel - 2007
We analyse the aid portfolio of various bilateral and multilateral donors, testing whether they have prioritized aid in line with the Millennium Development Goals (MDGs). Employing Tobit models that combine sectorally disaggregated aid data with various indicators reflecting the situation of...
Persistent link: https://www.econbiz.de/10010323042
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External debt and growth in developing countries: A sensitivity and causal analysis
Chowdhury, Abdur R. - 2001
The paper aims to enhance the existing literature on the debt-growth nexus by analysing the relationship in two separate country groups using the extreme bounds analysis for sensitivity tests and the mixed, fixed, and random coefficient approach that allows for heterogeneity in the causal...
Persistent link: https://www.econbiz.de/10010330116
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Does the HIPC initiative achieve its goal of debt sustainability?
Gunter, Bernhard G. - 2001
This paper examines the question if the Heavily Indebted Poor Country (HIPC) Initiative provides a good basis for the HIPCs to exit from repeated debt rescheduling. Building on other reviews of the HIPC Initiative, the paper begins with a short summary of some key problems of the HIPC...
Persistent link: https://www.econbiz.de/10010279007
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Debt relief under the HIPC initiative: Context and outlook for debt sustainability and resource flows
Abrego, Lisandro; Ross, Doris C. - 2001
This paper analyses debt relief efforts by creditors to alleviate the debt burden of lowincome countries. The Heavily Indebted Poor Countries (HIPC) Initiative builds on traditional debt relief, and for the first time involves relief on multilateral debt. It seeks to reduce debt to sustainable...
Persistent link: https://www.econbiz.de/10010279082