Freytag, Andreas; Pettersson, Jonatan; Schmied, Julian - 2017
performance before their debts were forgiven. We discuss the hypothesis that during the follow-up, Multilateral Debt Relief … Initiative (MDRI), the World Bank has refrained from this policy, and that debt relief decisions are rather politically driven …, respectively. Our main finding shows, that improvements in governance quality led to higher levels of debt forgiveness in 2000 …