Angola and Mozambique), and suffered from intense conflict (leading to the fall of the Derg regime in 1991). The new …

Financial development is vulnerable to social conflict. Conflict reduces the demand for domestic currency as a medium … of exchange and a store of value. Conflict also leads to poor quality governance, including weak regulation of the … financial system, thereby undermining the sustainability of financial institutions. Conflict therefore reduces the social return …

inconsistent. Levels of conflict are an increasing function of greed and rents, but decreasing in the direct costs of war. In a … more conflict is chosen. Sanctions, aid and direct intervention, if effective, could eliminate conflict, as well as help in …

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 …

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 …

reform, the UN concentrates on conflict resolution and reconstruction, and the World Bank- whose operations span both the … agendas- has yet to integrate reform and conflict issues. However, reform and reconstruction can be kept separate if conflict …