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External Debt in Post-Conflict Countries

  • Alvarez-Plata, Patricia
  • Brück, Tilman

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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File URL: http://www.sciencedirect.com/science/article/B6VC6-4RTVCK9-3/1/59f9885eb4a9507a8849ae5a2f1277b5
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Article provided by Elsevier in its journal World Development.

Volume (Year): 36 (2008)
Issue (Month): 3 (March)
Pages: 485-504

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Handle: RePEc:eee:wdevel:v:36:y:2008:i:3:p:485-504
Contact details of provider: Web page: http://www.elsevier.com/locate/worlddev

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