External Debt in Post-Conflict Countries
In the development literature, there exists no systematic study of external borrowing in post-conflict countries. We address this gap by analyzing statistical and case study evidence from three African countries. We find that many war-affected countries face rising debt arrears and deteriorating relations with creditors. Rebuilding trust between lenders and borrowers is hence a crucial but often slow process. Furthermore, donors to war-affected African countries have been slow to grant exceptional debt relief based odious debt or on financial requirements. Debt relief for post-conflict reconstruction should embrace a more forward-looking and more generous conditionality.
Year of publication: |
2006
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Authors: | Alvarez-Plata, Patricia ; Brück, Tilman |
Institutions: | DIW Berlin (Deutsches Institut für Wirtschaftsforschung) |
Saved in:
Open Access
Extent: | application/pdf |
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Series: | Discussion Papers of DIW Berlin. - ISSN 1619-4535. |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Number 613 38 pages long |
Source: |
Persistent link: https://www.econbiz.de/10004963764
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