Robbing Peter to Pay Paul? Understanding Who Pays for Debt Relief

World Development

Volumn 36, Issue 1, 2008, Pages 1-16

  Gunter, Bernhard G ^a   Rahman, Jesmin ^b   Wodon, Quentin ^c  

^a Bangladesh Development Research Center   (United States)

^b INTERNATIONAL MONETARY FUND   (United States)

^c WORLD BANK   (United States)

Author keywords

Africa; aid efficiency; debt relief; millennium development goals (MDGS); multilateral debt relief initiative (MDRI)

Indexed keywords

ANALYTICAL FRAMEWORK; DEBT; DEVELOPING WORLD; DEVELOPMENT AID;

AFRICA;

EID: 36749093974     PISSN: 0305750X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.worlddev.2007.02.015     Document Type: Article

References (23)

1. African Development Fund (AfDF) (2006). Information paper on multilateral debt relief initiative: ADF implementation modalities. Prepared for the Bank Group Annual Meetings, Ouagadougou, Burkina Faso (17-18 May).
2. Bird G., and Milne A. Debt relief for low income countries: Is it effective and efficient?. The World Economy 26 1 (2003) 43-59
3. Birdsall, N., & Williamson, J., with Deese, B. (2002). Delivering on debt relief: From IMF gold to a new aid architecture. Washington, DC: Center for Global Development and Institute for International Economics.
4. Cline W.R. Debt relief for heavily indebted poor countries: Lessons from the debt crisis of the 1980s. In: Iqbal Z., and Kanbur R. (Eds). External finance for low-income countries (1997), IMF, Washington, DC 134-144
5. Dollar D., and Levin V. The increasing selectivity of foreign aid, 1984-2003. World Development 34 12 (2006) 2034-2046
6. Gunter B.G. What's wrong with the HIPC initiative and what's next?. Development Policy Review 20 1 (2002) 5-24
7. Gunter B.G. Achieving debt sustainability in heavily indebted poor countries (HIPCs). In: Buira A. (Ed). Challenges to the World Bank and IMF: Developing country perspectives (2003), Anthem Press, London 91-117
8. Gunter, B. G. (2006). MDG-consistent debt sustainability: How to ease the tension between achieving the MDGs and maintaining debt sustainability. Paper presented at a joint UNDESA/UNDP roundtable, New York (October 31).
9. International Development Association (IDA) (2006a). IDA's implementation of the multilateral debt relief initiative. Washington, DC: IDA, Resource Mobilization Department, FRM (March 14). .
10. International Development Association (IDA) (2006b). Additions to IDA resources: Financing the multilateral debt relief initiative. Washington, DC: IDA (March). .
11. International Development Association (IDA), & International Monetary Fund (IMF). (2005). Heavily indebted poor countries (HIPC) initiative-statistical update, Washington, DC: IDA and IMF (April).
12. International Monetary Fund (IMF), & International Development Association (IDA). (2006). Heavily indebted poor countries (HIPC) initiative: List of ring-fenced countries that meet the income and indebtedness criteria at end-2004. Washington, DC: IMF and IDA (April 11).
13. Killick, T. (2001). Debt relief for developing countries is not in the interest of all. Unofficial translation of a press article by the Finnish News Agency (STT). .
14. Killick T. Politics, evidence and the new aid agenda. Development Policy Review 22 1 (2004) 5-29
15. Li, Y. (2001). Debt relief & ODA additionality. In Paper presented at the WIDER conference on debt relief (August). .
16. Sachs J.D. Resolving the debt crisis of low-income countries. Brookings Papers on Economic Activity 2002 1 (2002) 257-286
17. Sanford J.E. IMF Gold and the World Bank's unfunded HIPC deficit. Development Policy Review 22 1 (2004) 31-40
18. Sanford J.E. IDA Grants and HIPC debt forgiveness: Their effectiveness and impact on IDA resources. World Development 32 9 (2004) 1579-1607
19. United Nations Conference on Trade and Development (UNCTAD) (2004). Debt sustainability: Oasis or mirage? Geneva: UNCTAD.
20. United States (U.S.) Treasury. (2005). Statement by G-7 Finance Ministers and Central Bank Governors. Press Release JS-2943 (September 23). .
21. World Bank. (2003). The heavily indebted poor countries (HIPC) debt initiative: An OED review. Washington, DC: World Bank, Operations Evaluation Department. (OED). .
22. World Bank (2006a). Press Release No: 2006/327/PREM (of March 28, 2006). Washington, DC: World Bank.
23. World Bank (2006b). Debt relief for the poorest: An evaluation update of the HIPC initiative, Washington, DC: World Bank, Independent Evaluation Group (IEG). .