Who gets debt relief ?, [electronic resource]

By: Contributor(s): Material type: TextTextSeries: Policy Research Working Paper, no. 4000Publication details: Washington, D.C. World Bank 2006Description: 20 pSubject(s): DDC classification:
  • 336.343
Summary: """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."
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Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 21-B / Slot 813 (0 Floor, East Wing) General Stacks 336.343 C4W4 (Browse shelf(Opens below)) Available 162586

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."

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