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External Debt in Post-Conflict Countries

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  • Patricia Alvarez-Plata
  • Tilman Brück

Abstract

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.

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Bibliographic Info

Paper provided by DIW Berlin, German Institute for Economic Research in its series Discussion Papers of DIW Berlin with number 613.

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Length: 38 p.
Date of creation: 2006
Date of revision:
Publication status: Published in: World Development 36(2008)3, 485-504
Handle: RePEc:diw:diwwpp:dp613

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