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Is there moral hazard in the Heavily Indebted Poor Countries (HIPC) Initiative debt relief process?

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Compared to foreign grants, do concessional loans from foreign governments and/or unsubsidized loans from foreign private banks lead to faster growth in developing nations? The answer has implications for aid agencies (i) in allocating a given amount of resources between grants and concessional...

Persistent link: https://www.econbiz.de/10013074055