Forgive Debt, but Keep Lending [E-Book] / Daniel Cohen, Pierre Jacquet and Helmut Reisen
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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Full text |
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Personal Name(s): | Cohen, Daniel. |
Jacquet, Pierre. / Reisen, Helmut. | |
Imprint: |
Paris :
OECD Publishing,
2007
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Physical Description: |
2 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/243721887467 |
Series Title: |
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OECD Development Centre Policy Insights ;
44 |
Keywords: |
Development |
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 |