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Debt Relief, Additionality, and Aid Allocation in Low Income Countries

Author/Editor: Powell, Robert
Authorized for Distribution: September 1, 2003
Electronic Access: Free Full Text (PDF file size is 796KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: This paper models the resource implications of debt relief provided to low-income countries (LICs). Obtaining debt relief does not necessarily lead to individual aid-dependent countries receiving more overall resources from the donor community. Preliminary cross-section estimates suggest that debt relief provided to low-income countries in the period 1996 2000 neither crowded out other non-debt relief-related aid flows to the debtors concerned nor created significant extra net resources for those countries. While it is too early to fully assess the resource implications of the enhanced HIPC Initiative, this paper provides a possible approach to such an evaluation.
 
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Series: Working Paper No. 03/175
Subject(s): Debt relief | Development assistance | Low income developing countries
Author's keyword(s): Low income countries | HIPCs | debt relief | additionality | aid
 
English  
    Published:   September 1, 2003        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA1752003   Pages:   21
    Price:   US$15.00 (Academic Rate: US$15.00 )
       
     
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