Finaciial innovations are viewed almost universally as a new dimension in international debt management. The following article analyses the direct and indirect effects of using various types of new financial instrument to ease the debt burden. It considers the question whether new forms of...

The Monterrey Consensus agreed at the UN summit on Financing for Development in 2002 promised a breakthrough in terms of donor generosity, aid effectiveness and new means of financing. However, the development orientation of world leaders proved to be short-lived. This is even though our...