Journal Special Issue

The real value of official aid flows fell for much of the 1990s, and private capital flows to low-income countries remain mostly limited. The decline in aid flows may endanger the development process, since they finance much of the development budget...

• Economic assistance and foreign aid
• International economic relations
• International finance

Journal Special Issue

The present paper serves as an introduction to this special issue providing a justification for, and linking and introducing to the articles that follow. A central message emanating from the papers included in this special issue is that it is not...

• Economic assistance and foreign aid
• Economic development projects
• Government spending policy

Working Paper

Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programmes to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a...

• Economic assistance and foreign aid
• Economic policy
• Fiscal policy

Working Paper

The paper examines the main issues involved in translating domestic bankruptcy procedures to the sovereign context. It considers some of the principles by which domestic bankruptcy procedures operate, and the extent to which they apply to...

• Bankruptcy
• Public debt
• Foreign loans

Working Paper

Efforts to realize the issue of development-focused Special Drawing Rights (SDR) by the International Monetary Fund (IMF) have been on-going for many years. Recently, however, the campaign first gained a new momentum immediately after the Asian...

• Economic assistance and foreign aid
• Economic development
• International agencies

Working Paper

International bank lending is a major component of capital flows between advanced and emerging economies. However, in recent years these flows have been going the wrong way, like water flowing uphill. Even four years after the Asian crisis, there is...

• Economic forecasting
• Financial institutions, International
• Foreign investments

Working Paper

Since the 1970s, prolonged use of resources by the IMF has consistently expanded, among both low- and middle-income countries. Overall, this phenomenon suggests a lack of effectiveness of Fund supported programmes. In the literature conditional...

• Economic development
• Economic policy
• History of financial institutions

Working Paper

The main theme of this manuscript is to demonstrate that growth in Sub-Saharan African (SSA) countries has continued to decline under the burden of the foreign debt over the last fifteen years. After a decade of painful lost growth, the continent...

• Public debt
• Economic development
• Financial institutions, International

Working Paper

• Banking
• Public debt
• Economic development

Working Paper

The Study Group arrived at the following conclusions and recom­mendations: 1. Substantial surpluses on current account are likely to prevail for the next several years among many developed countries, and there is a need for their diversification...

• Economic assistance and foreign aid
• International agencies
• Foreign loans

Working Paper

The aim of this paper is to raise a few open questions and to bring to light some mismatches between existing theories and the evidence. (1) It is shown that many standard international debt models unwittingly require some agents to behave...

• Public debt
• Game theory
• International finance

Working Paper

The classical transfer problem is studied in an overlapping generations framework, where the transfer is from a creditor country to a debtor country. A distinction is made between tax-financed and debt-financed transfers on the one hand, and between...

• Public debt
• Economic assistance and foreign aid
• Foreign loans

Working Paper

We argue in this paper that cancelling the debt of the poorest countries was a good thing, but that it should not imply that the debt instrument should be foregone. Debt and debt cancellations are indeed two complementary instruments which, if...

• Economic assistance and foreign aid
• International finance
• Foreign loans

Working Paper

Three changes in conditionality of loans are proposed in this study, in order to improve the relations between developing country borrowers and international lending agencies, and make the international cooperative effort at development and stability...

• Economic conditions
• Economic policy
• Foreign loans

Working Paper

• Economic assistance and foreign aid
• Insurance
• Foreign loans

Blog

by Tony Addison November 2011

Tony Addison The present currency turmoil is both a product and a cause of profound changes now underway in the global economy. Part 1 of this two...

• Economic growth
• Foreign exchange
• Interest rate