External Debt in Post-Conflict Countries
Summary 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 on odious debt or on financial requirements. Debt relief for post-conflict reconstruction should embrace a more forward looking and more generous conditionality.
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|Authors:||Alvarez-Plata, Patricia ; Brück, Tilman|
World Development. - Elsevier, ISSN 0305-750X. - Vol. 36.2008, 3, p. 485-504
|Type of publication:||Article|
Persistent link: https://www.econbiz.de/10005381504