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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ndikumana, Leonce, 2004.
"Additionality of debt relief and debt forgiveness, and implications for future volumes of official assistance,"
International Review of Economics & Finance,
Elsevier, vol. 13(3), pages 325-340.
- Ndikumana, Leonce, 2002. "Additionality of Debt Relief and Debt Forgiveness, and Implications for Future Volumes of Official Assistance," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Michael Kremer & Seema Jayachandran, 2002.
NBER Working Papers
8953, National Bureau of Economic Research, Inc.
- Addison, Tony & Murshed, S. Mansoob, 2001.
"Debt Relief and Civil War,"
Working Paper Series
UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- repec:wbk:wbpubs:12426 is not listed on IDEAS
- Serkan Arslanalp & Peter Blair Henry, 2006. "Policy Watch: Debt Relief," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 207-220, Winter.
- Sanford, Jonathan E., 2004. "IDA Grants and HIPC Debt Cancellation: Their Effectiveness and Impact on IDA Resources," World Development, Elsevier, vol. 32(9), pages 1579-1607, September.
- HÃ©lÃ¨ne Poirson & Luca Antonio Ricci & Catherine A. Pattillo, 2002.
"External Debt and Growth,"
IMF Working Papers
02/69, International Monetary Fund.
- Chauvin, Nicolas Depetris & Kraay, Aart, 2006.
"Who gets debt relief ?,"
Policy Research Working Paper Series
4000, The World Bank.
- Easterly, William, 2002. "How Did Heavily Indebted Poor Countries Become Heavily Indebted? Reviewing Two Decades of Debt Relief," World Development, Elsevier, vol. 30(10), pages 1677-1696, October.
- Kaufmann, Daniel & Kraay, Aart & Mastruzzi, Massimo, 2006. "Governance matters V: aggregate and individual governance indicators for 1996 - 2005," Policy Research Working Paper Series 4012, The World Bank.
- Claessens, Stijn & Detragiache, Enrica & Kanbur, Ravi & Wickham, Peter, 1996. "Analytical aspects of the debt problems of heavily indebted poor countries," Policy Research Working Paper Series 1618, The World Bank.
- Menzies, Gordon Douglas, 2006. "Debt and Aid, War and Peace: Policy Tradeoffs in Conflict-affected Countries," Review of Applied Economics, Review of Applied Economics, vol. 2(2).
- Peter Hjertholm, 2003. "Theoretical and empirical foundations of HIPC debt sustainability targets," Journal of Development Studies, Taylor & Francis Journals, vol. 39(6), pages 67-100.
- Henry, Peter B. & Arslanalp, Serkan, 2003.
"Helping the Poor to Help Themselves: Debt Relief or Aid?,"
1838, Stanford University, Graduate School of Business.
- Serkan Arslanalp & Peter Blair Henry, 2004. "Helping the Poor to Help Themselves: Debt Relief or Aid," NBER Working Papers 10230, National Bureau of Economic Research, Inc.
- Nancy Birdsall & Stijn Claessens & Ishac Diwan, 2003.
"Policy Selectivity Forgone: Debt and Donor Behavior in Africa,"
World Bank Economic Review,
World Bank Group, vol. 17(3), pages 409-435, December.
- Nancy Birdsall & Stijn Claessens & Ishac Diwan, 2002. "Policy Selectivity Foregone: Debt and Donor Behavior in Africa," Working Papers 17, Center for Global Development.
- Neumayer, Eric, 2002. "Is Good Governance Rewarded? A Cross-national Analysis of Debt Forgiveness," World Development, Elsevier, vol. 30(6), pages 913-930, June.
- Annalisa Fedelino & Alina Kudina, 2003. "Fiscal Sustainability in African HIPC Countries; A Policy Dilemma?," IMF Working Papers 03/187, International Monetary Fund.
- Collier, Paul & Gunning, Jan Willem, 1995. "War, peace and private portfolios," World Development, Elsevier, vol. 23(2), pages 233-241, February.
- Nannyonjo, Justine, 2005. "Conflicts, Poverty and Human Development in Northern Uganda," Working Paper Series RP2005/47, World Institute for Development Economic Research (UNU-WIDER).
- Kapoor, Kapil, 1995. "Restructuring Uganda's debt : the commercial debt buy - back operation," Policy Research Working Paper Series 1409, The World Bank.
- Yan Sun, 2004. "External Debt Sustainability in HIPC Completion Point Countries," IMF Working Papers 04/160, International Monetary Fund.
- World Bank, 2005. "World Development Indicators 2005," World Bank Publications, The World Bank, number 12425, June.
When requesting a correction, please mention this item's handle: RePEc:eee:wdevel:v:36:y:2008:i:3:p:485-504. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.