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...

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Bibliographic Details
Main Author: Cohen, Daniel (Author)
Other Authors: Jacquet, Pierre (Contributor), Reisen, Helmut (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2007
Series:OECD Development Centre Policy Insights no.44
Subjects:
Online Access:DE-862
DE-863
Summary: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
Physical Description:1 Online-Ressource (2 Seiten) 21 x 29.7cm.

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