A chameleon called debt relief
This paper critically reviews three decades of official creditors’ debt relief practice in Sub-Saharan Africa from a novel angle, i.e. along debt relief’s similarities with other aid modalities. We show that debt relief is a true ‘chameleon’ which mimics different sorts of aid, from traditional project aid to multi-year general budget support. The ‘colour’ of this chameleon depends on the embedded conditionality, alignment and the budgetary resource effect of particular debt relief interventions. We argue that characterising debt relief from an aid modality perspective is helpful in better understanding its widely varying performance track record and holds important policy lessons for designing future operations.
|Date of creation:||Feb 2013|
|Contact details of provider:|| Postal: Prinsstraat 13, B-2000 Antwerp|
Phone: +32-(0)3-265 5770
Fax: +32-(0)3-265 5771
Web page: http://www.uantwerpen.be/iob
More information through EDIRC
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.:
- Cassimon, Danny & Prowse, Martin & Essers, Dennis, 2009. "The pitfalls and potential of debt-for-nature swaps: a US-Indonesian case study," IOB Working Papers 2009.07, Universiteit Antwerpen, Institute of Development Policy and Management (IOB).
When requesting a correction, please mention this item's handle: RePEc:iob:wpaper:2013001. 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: (Hans De Backer)
If references are entirely missing, you can add them using this form.