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...

We assess the dynamics behind the high net resource transfers by donors and creditors to sub-Saharan African countries. Analyzing the determinants of overall net transfers for a panel of 37 recipient countries in 1978–98, we find that country policies mattered little. Donors—especially...

In this Paper we focus on the question: Will the HIPC debt reduction program 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...

We assess the dynamics behind the high net resource transfers of donors and creditors - IDA, bilaterals, IBRD, IMF and other multilateral creditors - to the countries of sub-Saharan Africa in the 1980s and 1990s. Analyzing a panel of 37 recipient countries over the years 1978-98, we find that...

The international financial system has been the subject of much debate following the financial crises of the 1990s. While many reforms have been proposed for and implemented by mostly developing countries, few changes have been made to the international financial system itself. Fundamentally,...