Who gets debt relief ? Nicolas Depetris Chauvin and Aart Kraay.
Material type:
TextSeries: Policy research working papers (Online) ; 4000.Publication details: [Washington, D.C. : World Bank, 2006 Description: 20 p.; 23 cmSubject(s): Debt relief -- Developing countriesDDC classification: 336.3435 LOC classification: HG3881.5.W57Online resources: Click here to access online Also available in print.Abstract: "The authors use preliminary results from an ongoing effort to construct estimates of debt relief to study its allocation across a sample of 62 low-income countries. They find some evidence that debt relief, particularly from multilateral creditors, has been allocated to countries with better policies in recent years. Somewhat surprisingly, conditional on per capita incomes and policy, more indebted countries are not much more likely to receive debt relief. But countries that have large debts especially to multilateral creditors are more likely to receive debt relief. The authors do not find much evidence that debt relief responds to shocks to GDP growth. Finally, most of the persistence in debt relief is driven by slowly changing country characteristics, indicating that it may be difficult for countries to "exit" from cycles of repeated debt relief. "--World Bank web site.
| Item type | Current library | Call number | Status | Notes | Date due | Barcode |
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Bangladesh Public Administration Training Centre Library General Reading Room | 336.3435 CHW 2006 (Browse shelf(Opens below)) | Available | Zahid | WB5458 |
Title from PDF file as viewed on 9/6/2006.
Includes bibliographical references.
"The authors use preliminary results from an ongoing effort to construct estimates of debt relief to study its allocation across a sample of 62 low-income countries. They find some evidence that debt relief, particularly from multilateral creditors, has been allocated to countries with better policies in recent years. Somewhat surprisingly, conditional on per capita incomes and policy, more indebted countries are not much more likely to receive debt relief. But countries that have large debts especially to multilateral creditors are more likely to receive debt relief. The authors do not find much evidence that debt relief responds to shocks to GDP growth. Finally, most of the persistence in debt relief is driven by slowly changing country characteristics, indicating that it may be difficult for countries to "exit" from cycles of repeated debt relief. "--World Bank web site.
Also available in print.
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