Policy Selectivity Forgone: Debt and Donor Behavior in Africa
Authors assess the dynamics behind the high net resource transfers by donors and creditors to Sub-Saharan African countries. Analyzing the determinants of overall net transfers for a panel of 37 recipient countries in 1978-98, Authors find that cou...
| Main Authors: | , , |
|---|---|
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/09/17742575/policy-selectivity-forgone-debt-donor-behavior-africa http://hdl.handle.net/10986/17182 |
| Summary: | Authors assess the dynamics behind the
high net resource transfers by donors and creditors to
Sub-Saharan African countries. Analyzing the determinants of
overall net transfers for a panel of 37 recipient countries
in 1978-98, Authors find that country policies mattered
little. Donors especially bilateral donors actually made
greater transfers to countries with high debt, largely owed
to multilateral creditors, when policies were
'bad'. Authors conclude that comprehensive debt
relief has the potential, though not the certainty, to
restore selectivity in support of good policies. That would
make development assistance more effective going forward and
increase public support in donor countries. |
|---|