its debt to bilateral donors (along the lines of concessional Naples terms for IDA-only countries), which we argue is …

policies mattered little. Donors—especially bilateral donors—actually made greater transfers to countries with high debt …, largely owed to multilateral creditors, when policies were “bad.” We conclude that comprehensive debt relief has the potential …

This paper investigates the channels through which debt affects growth, specifically whether debt affects growth … effects of debt on the different sources of growth. We use a large panel dataset of 61 developing countries over the period … 1969-98. Results indicate that the negative impact of high debt on growth operates both through a strong negative effect on …

approach to show that, indeed, a sound external position and a sustainable debt profile, accompanied by a favorable global …

This study analyzes the debt-relief initiative which as introduced by the IMF and the World Bank, with the support of …

stabilization and growth, Cooper examines the experience of developing countries faced by the oil shocks of the 1970s and the debt … political organization and external debt resolution. The first chapter focuses on countries that experienced adverse shocks from … individual developing nations to the world economic system, the final two chapters examine the question of external debt and why …

pricing of their loans, such as the level of exports relative to debt service in the developing countries where the borrowers …