Forgive Debt, but Keep Lending:

Cancelling of poor-country debt does not mean that the best way to give aid is through grants only. Aid through loans may often prove superior, provided that it maintains debt sustainability. A new scheme for soft loans is suggested, with higher interest rates and cancellation provisions if bad shoc...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Cohen, Daniel (VerfasserIn)
Weitere Verfasser: Jacquet, Pierre (MitwirkendeR), Reisen, Helmut (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 2007
Schriftenreihe:OECD Development Centre Policy Insights no.44
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:Cancelling of poor-country debt does not mean that the best way to give aid is through grants only. Aid through loans may often prove superior, provided that it maintains debt sustainability. A new scheme for soft loans is suggested, with higher interest rates and cancellation provisions if bad shocks occur, to minimise moral hazard and strengthen debt sustainability
Beschreibung:1 Online-Ressource (2 p.) 21 x 29.7cm.
DOI:10.1787/243721887467

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