Showing 51 - 60 of 4,139
Persistent link: https://www.econbiz.de/10005613530
The history of debt relief is now particularly long, the associated costs are soaring and the outcomes are at least uncertain. This paper reviews and provides new evidence on the effects of recent debt relief programs on different macroeconomic indicators in developing countries, focusing on the...
Persistent link: https://www.econbiz.de/10005622120
passes the HIPC decision point. Importantly, PRSPs and HIPCs reduce the perverse effects of large bilateral and multilateral …
Persistent link: https://www.econbiz.de/10005642351
This paper shows that if the period following the granting of debt relief is taken into account, debt relief increases adjustment effort(investment), irrespective of whether there is an initial debt overhang or not. <p>
Persistent link: https://www.econbiz.de/10005651784
The objective of this evaluation is to complete the assessment of the performance of IDB's concessional lending program focusing on financial and developmental results. The evaluation found that the IDB remained the largest single source of concessional financing for the five poorest countries...
Persistent link: https://www.econbiz.de/10010673784
This paper investigates the relationship between external debt and economic growth in developing countries. Notwithstanding a general agreement on theory, empirical evidence is not conclusive and lacks of robustness. This contribution aims to shed more light on the relationship between external...
Persistent link: https://www.econbiz.de/10010651438
(english) After two debt relief initiatives launched in 1996 (the Heavily Indebted Poor Countries, HIPC Initiative) and … in 1999 (The enhanced HIPC initiative), the G7 decided to go further by cancelling the remaining multilateral debt for … these HIPC countries through the Multilateral Debt Relief Initiative (MDRI, 2005). A few papers tried to assess the desired …
Persistent link: https://www.econbiz.de/10010822507
recent months. I review a brief history of major debt relief for low-income countries including the recent HIPC initiative …
Persistent link: https://www.econbiz.de/10008578245
debt reduction via the enhanced HIPC initiative. This debt relief program is distinguished from previous ones by its … an increase in social spending there could be a short-run increase in inflation in HIPC countries and (iii) the keys to …
Persistent link: https://www.econbiz.de/10005561200
Between 1989 and 2003, low-income countries received $100 billion in debt relief. The stated objectives for much of this debt relief have been to reduce debt overhang and to free up recipient government resources for development spending that would otherwise have been used for debt service. In...
Persistent link: https://www.econbiz.de/10005119433