Who Gets Debt Relief?

The authors use preliminary results from an ongoing effort to construct estimates of debt relief to study its allocation across a sample of 62 low-income countries. They find some evidence that debt relief, particularly from multilateral creditors, has been allocated to countries with better policie...

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Main Authors:	Chauvin, Nicolas Depetris, Kraay, Aart
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING AMOUNT OF DEBT BALANCE SHEETS BENCHMARK BILATERAL CREDITORS BILATERAL DEBT CREDITOR CROSS-COUNTRY EVIDENCE DEBT DEBT ACCUMULATION DEBT BURDEN DEBT BURDENS DEBT CRISES DEBT FORGIVENESS DEBT OUTSTANDING DEBT OVERHANG DEBT RELIEF DEBT SERVICE DEBT SERVICE OBLIGATIONS DEBT SERVICE REDUCTIONS DEBTOR DEBTOR COUNTRIES DEBTOR COUNTRY DEBTOR REPORTING DEBTOR REPORTING SYSTEM DEBTORS DEBTS DEVELOPMENT AGENCY DEVELOPMENT ASSISTANCE ECONOMETRICS ECONOMIC GROWTH EXPORTS EXTERNAL DEBT EXTERNAL DEBT SERVICE EXTERNAL DEBT STATISTICS FACE VALUE FOREIGN AID GDP GDP PER CAPITA GLOBAL DEVELOPMENT FINANCE GROWTH INCOME INDEBTED COUNTRIES INSURANCE MATURITIES MULTILATERAL CREDITORS MULTILATERAL DEBT MULTILATERAL DEBT RELIEF PER CAPITA INCOME PER CAPITA INCOMES POLICIES PRESENT VALUE PRESENT VALUE OF DEBT PUBLIC DEBT REAL GDP STOCK OF DEBT VALUATION
Online Access:	http://documents.worldbank.org/curated/en/2006/08/7021699/gets-debt-relief http://hdl.handle.net/10986/9300

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spelling	okr-10986-93002021-04-23T14:02:41Z Who Gets Debt Relief? Chauvin, Nicolas Depetris Kraay, Aart ACCOUNTING AMOUNT OF DEBT BALANCE SHEETS BENCHMARK BILATERAL CREDITORS BILATERAL DEBT CREDITOR CROSS-COUNTRY EVIDENCE DEBT DEBT ACCUMULATION DEBT BURDEN DEBT BURDENS DEBT CRISES DEBT FORGIVENESS DEBT OUTSTANDING DEBT OVERHANG DEBT RELIEF DEBT SERVICE DEBT SERVICE OBLIGATIONS DEBT SERVICE REDUCTIONS DEBTOR DEBTOR COUNTRIES DEBTOR COUNTRY DEBTOR REPORTING DEBTOR REPORTING SYSTEM DEBTORS DEBTS DEVELOPMENT AGENCY DEVELOPMENT ASSISTANCE ECONOMETRICS ECONOMIC GROWTH EXPORTS EXTERNAL DEBT EXTERNAL DEBT SERVICE EXTERNAL DEBT STATISTICS FACE VALUE FOREIGN AID GDP GDP PER CAPITA GLOBAL DEVELOPMENT FINANCE GROWTH INCOME INDEBTED COUNTRIES INSURANCE MATURITIES MULTILATERAL CREDITORS MULTILATERAL DEBT MULTILATERAL DEBT RELIEF PER CAPITA INCOME PER CAPITA INCOMES POLICIES PRESENT VALUE PRESENT VALUE OF DEBT PUBLIC DEBT REAL GDP STOCK OF DEBT VALUATION The authors use preliminary results from an ongoing effort to construct estimates of debt relief to study its allocation across a sample of 62 low-income countries. They find some evidence that debt relief, particularly from multilateral creditors, has been allocated to countries with better policies in recent years. Somewhat surprisingly, conditional on per capita incomes and policy, more indebted countries are not much more likely to receive debt relief. But countries that have large debts especially to multilateral creditors are more likely to receive debt relief. The authors do not find much evidence that debt relief responds to shocks to GDP growth. Finally, most of the persistence in debt relief is driven by slowly changing country characteristics, indicating that it may be difficult for countries to "exit" from cycles of repeated debt relief. 2012-06-26T21:25:58Z 2012-06-26T21:25:58Z 2006-08-01 http://documents.worldbank.org/curated/en/2006/08/7021699/gets-debt-relief http://hdl.handle.net/10986/9300 English en_US Policy Research Working Paper; No. 4000 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING AMOUNT OF DEBT BALANCE SHEETS BENCHMARK BILATERAL CREDITORS BILATERAL DEBT CREDITOR CROSS-COUNTRY EVIDENCE DEBT DEBT ACCUMULATION DEBT BURDEN DEBT BURDENS DEBT CRISES DEBT FORGIVENESS DEBT OUTSTANDING DEBT OVERHANG DEBT RELIEF DEBT SERVICE DEBT SERVICE OBLIGATIONS DEBT SERVICE REDUCTIONS DEBTOR DEBTOR COUNTRIES DEBTOR COUNTRY DEBTOR REPORTING DEBTOR REPORTING SYSTEM DEBTORS DEBTS DEVELOPMENT AGENCY DEVELOPMENT ASSISTANCE ECONOMETRICS ECONOMIC GROWTH EXPORTS EXTERNAL DEBT EXTERNAL DEBT SERVICE EXTERNAL DEBT STATISTICS FACE VALUE FOREIGN AID GDP GDP PER CAPITA GLOBAL DEVELOPMENT FINANCE GROWTH INCOME INDEBTED COUNTRIES INSURANCE MATURITIES MULTILATERAL CREDITORS MULTILATERAL DEBT MULTILATERAL DEBT RELIEF PER CAPITA INCOME PER CAPITA INCOMES POLICIES PRESENT VALUE PRESENT VALUE OF DEBT PUBLIC DEBT REAL GDP STOCK OF DEBT VALUATION
spellingShingle	ACCOUNTING AMOUNT OF DEBT BALANCE SHEETS BENCHMARK BILATERAL CREDITORS BILATERAL DEBT CREDITOR CROSS-COUNTRY EVIDENCE DEBT DEBT ACCUMULATION DEBT BURDEN DEBT BURDENS DEBT CRISES DEBT FORGIVENESS DEBT OUTSTANDING DEBT OVERHANG DEBT RELIEF DEBT SERVICE DEBT SERVICE OBLIGATIONS DEBT SERVICE REDUCTIONS DEBTOR DEBTOR COUNTRIES DEBTOR COUNTRY DEBTOR REPORTING DEBTOR REPORTING SYSTEM DEBTORS DEBTS DEVELOPMENT AGENCY DEVELOPMENT ASSISTANCE ECONOMETRICS ECONOMIC GROWTH EXPORTS EXTERNAL DEBT EXTERNAL DEBT SERVICE EXTERNAL DEBT STATISTICS FACE VALUE FOREIGN AID GDP GDP PER CAPITA GLOBAL DEVELOPMENT FINANCE GROWTH INCOME INDEBTED COUNTRIES INSURANCE MATURITIES MULTILATERAL CREDITORS MULTILATERAL DEBT MULTILATERAL DEBT RELIEF PER CAPITA INCOME PER CAPITA INCOMES POLICIES PRESENT VALUE PRESENT VALUE OF DEBT PUBLIC DEBT REAL GDP STOCK OF DEBT VALUATION Chauvin, Nicolas Depetris Kraay, Aart Who Gets Debt Relief?
relation	Policy Research Working Paper; No. 4000
description	The authors use preliminary results from an ongoing effort to construct estimates of debt relief to study its allocation across a sample of 62 low-income countries. They find some evidence that debt relief, particularly from multilateral creditors, has been allocated to countries with better policies in recent years. Somewhat surprisingly, conditional on per capita incomes and policy, more indebted countries are not much more likely to receive debt relief. But countries that have large debts especially to multilateral creditors are more likely to receive debt relief. The authors do not find much evidence that debt relief responds to shocks to GDP growth. Finally, most of the persistence in debt relief is driven by slowly changing country characteristics, indicating that it may be difficult for countries to "exit" from cycles of repeated debt relief.
format	Publications & Research :: Policy Research Working Paper
author	Chauvin, Nicolas Depetris Kraay, Aart
author_facet	Chauvin, Nicolas Depetris Kraay, Aart
author_sort	Chauvin, Nicolas Depetris
title	Who Gets Debt Relief?
title_short	Who Gets Debt Relief?
title_full	Who Gets Debt Relief?
title_fullStr	Who Gets Debt Relief?
title_full_unstemmed	Who Gets Debt Relief?
title_sort	who gets debt relief?
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/08/7021699/gets-debt-relief http://hdl.handle.net/10986/9300
_version_	1764406443676532736

Who Gets Debt Relief?

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