The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations and by the system of taxation utilized to provide government revenue for debt payments. It is well known that existing debt contracts could be altered to improve the incentives...

Les incitations agrave; l`investissement inteacute;rieur dans les pays deacute;biteurs sont deacute;pendantes des clauses et conditions des obligations de ces pays envers l`exteacute;rieur et du systegrave;me d`imposition utiliseacute; pour procurer agrave; l`Etat les recettes neacute;cessaires au...

The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations and by the system of taxation utilized to provide government revenue for debt payments. It is well known that existing debt contracts could be altered to improve the incentives...