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External Debt in Post-Conflict Countries

Patricia Alvarez-Plata and Tilman Brück

World Development, 2008, vol. 36, issue 3, 485-504

Abstract: 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.

Date: 2008
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Working Paper: External Debt in Post-Conflict Countries (2006) Downloads
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