External Debt in Post-Conflict Countries
Patricia Alvarez-Plata and
No 613, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research
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 odious debt or on financial requirements. Debt relief for post-conflict reconstruction should embrace a more forward-looking and more generous conditionality.
Pages: 38 p.
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Journal Article: External Debt in Post-Conflict Countries (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwpp:dp613
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