The Fallout from the Financial Crisis (2): External Debt Sustainability Should More Be Done for the Poor?

Annalisa Prizon
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Annalisa Prizon: OECD
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No 84, OECD Development Centre Policy Insights from OECD Publishing

Abstract: Since the credit crisis first erupted, relatively little attention has been given to the consequences of the financial crisis on low-income countries’ indebtedness. Although in recent years developing countries as a group have benefited from increasing private flows (particularly FDI and remittances), many low-income countries are still heavily dependent on external official aid and debt flows.

Date: 2008-12-01
New Economics Papers: this item is included in nep-afr and nep-ara
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