The Annual World Bank Conference on Development Economics is a forum for discussion, and debate of important policy issues facing developing countries. This report for 2001-2002 focuses on two main themes...
In considering how the euro will affect Sub-Saharan Africa, the authors examine the transmission channels through which the euro could affect economies in the region. They examine the risks and opportunities...
The role of debt forgiveness is to alleviate what is known as "debt overhang". This concept is the core idea of the Brady deals, and it now comes to the African debt crisis. How can one gauge the hypothesis...
A large gap may lie between the amount of debt relief that is nominally granted to a debtor and that which is actually given up by the creditors. To help put that gap in perspective, the author proposes...
An efficient rescheduling of the debt must take into account the market value of the debt. The author argues that the appropriate approach is not to write down the debt to its value on the secondary market...
Do African countries pay more for imports? - Yes. Investment incentives: new money, debt relief, and the critical role of conditionality in the debt crisis. Debt relief: implications of secondary market...
In 1988, the prices on the secondary market of LDC debt averaged 50 cents per dollar of face value. From the observation of such discount, this paper goes one step further and argues that the debt should...
Some principles which may be useful in formulating a debt management strategy are articulated. There are four major policy recommendations : 1) stretch out the repayment of the debt; 2) monitor both exports...
Primary commodity prices, manufactured goods prices, and the terms of trade of developing countries: what the long run shows. Price and income elasticities of demand for modern health care: the case of...
During the perid 1983-85, most indebted LDC's undertook major adjustment efforts in order to achieve trade balance surpluses aimed at "repaying their debt." In Latin America, the results have been, on...