1 / 9

Debt Relief for Poor Countries: Rationale and Expectations

2. Slide 1: Main Arguments for Debt Relief to Poor Countries. Moral argumentFinancing argumentDebt overhang/growth argument?Evergreening"/efficient lending argument. 3. Slide 2: The Moral Argument. Poor countries should not devote scarce resources to pay rich creditorsBut...No debt service mean

brooklyn
Download Presentation

Debt Relief for Poor Countries: Rationale and Expectations

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. 1 Debt Relief for Poor Countries: Rationale and Expectations Christina Daseking Deputy Division Chief Policy Development and Review Department, IMF The views expressed in this presentation are those of the author and should not be attributed to the International Monetary Fund, its Executive Board, or its management.

    2. 2 Slide 1: Main Arguments for Debt Relief to Poor Countries Moral argument Financing argument Debt overhang/growth argument “Evergreening”/efficient lending argument

    3. 3 Slide 2: The Moral Argument Poor countries should not devote scarce resources to pay rich creditors But... No debt service means no borrowing Smaller overall aid envelope How pessimistic should we be?

    4. 4 Slide 3: Are poor countries doomed to stay poor?

More Related