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Debt Relief (debt + relief)
Selected AbstractsThe Impact of International Debt Relief by A. Geske DijkstraDEVELOPMENT AND CHANGE, Issue 4 2008Joseph Hanlon No abstract is available for this article. [source] Bono Made Jesse Helms Cry: Jubilee 2000, Debt Relief, and Moral Action in International PoliticsINTERNATIONAL STUDIES QUARTERLY, Issue 2 2007JOSHUA WILLIAM BUSBY Do states and decision-makers ever act for moral reasons? And if they do, is it only when it is convenient or relatively costless for them to do so? A number of advocacy movements,on developing country debt relief, climate change, landmines, and other issues,emerged in the 1990s to ask decision-makers to make foreign policy decisions on that basis. The primary advocates were motivated not by their own material interests but broader notions of right and wrong. What contributes to the domestic acceptance of these moral commitments? Why do some advocacy efforts succeed where others fail? Through a case study of the Jubilee 2000 campaign for developing country debt relief, this article offers an account of persuasion based on strategic framing by advocates to get the attention of decision-makers. Such strategic but not narrowly self-interested activity allows weak actors to leverage existing value and/or ideational traditions to build broader political coalitions. This article, through case studies of debt relief in the United States and Japan, also links the emerging literature on strategic framing to the domestic institutional context and the ways veto players or "policy gatekeepers" evaluate trade-offs between costs and values. [source] FINANCE/MARKETS: GUINEA BISSAU: Paris Club Debt ReliefAFRICA RESEARCH BULLETIN: ECONOMIC, FINANCIAL AND TECHNICAL SERIES, Issue 7 2010Article first published online: 1 SEP 2010 No abstract is available for this article. [source] DEMOCRATIC REPUBLIC OF CONGO: Lifeline Debt ReliefAFRICA RESEARCH BULLETIN: ECONOMIC, FINANCIAL AND TECHNICAL SERIES, Issue 6 2010Article first published online: 3 AUG 2010 No abstract is available for this article. [source] Côte d'Ivoire: Debt ReliefAFRICA RESEARCH BULLETIN: ECONOMIC, FINANCIAL AND TECHNICAL SERIES, Issue 3 2009Article first published online: 1 MAY 200 No abstract is available for this article. [source] Debt-Relief Effectiveness and Institution-BuildingDEVELOPMENT POLICY REVIEW, Issue 5 2009Andrea F. Presbitero This article provides new evidence on the effects of recent debt-relief programmes on different macroeconomic indicators in developing countries, focusing on the Heavily Indebted Poor Countries (HIPCs). The relationship between debt relief and institutional change is also investigated to assess whether donors are moving towards ex-post governance conditionality. Results show that debt relief is only weakly associated with subsequent improvements in economic performance but is correlated with increasing domestic debt which undermines the positive achievements in reducing external debt service. There is also evidence that donors are moving towards a more sensible allocation of debt forgiveness, rewarding countries which have better policies and institutions. [source] The PRSP Approach and the Illusion of Improved Aid Effectiveness: Lessons from Bolivia, Honduras and NicaraguaDEVELOPMENT POLICY REVIEW, Issue 4 2005Geske Dijkstra Since 1999, poor countries that want to qualify for concessionary IMF loans and debt relief must elaborate and implement Poverty Reduction Strategy Papers. Donors claim that the PRSP approach will increase aid effectiveness since PRSPs will enhance broad country ownership and lead to better ,partnership' with donors, implying more donor co-ordination under government leadership. By examining the experiences of Bolivia, Honduras and Nicaragua, this article finds that the results are disappointing. The article also shows that, by emphasising rational planning and ignoring politics, the PRSP approach has unintended and sometimes harmful consequences. This leads to recommendations for changes of the approach. [source] The missing dark matter in the wealth of nations and its implications for global imbalancesECONOMIC POLICY, Issue 51 2007Ricardo Hausmann SUMMARY Dark matter and international imbalances Current account statistics may not be good indicators of the evolution of a country's net foreign assets and of its external position's sustainability. The value of existing assets may vary independently of current account flows, so-called ,return privileges' may allow some countries to obtain abnormal returns, and mismeasurement of FDI, unreported trade of insurance or liquidity services, and debt relief may also play a role. We analyse the relevant evidence in a large set of countries and periods, and examine measures of net foreign assets obtained by capitalizing the net investment income and then estimating the current account from the changes in this stock of foreign assets. We call dark matter the difference between our measure of net foreign assets and that measured by official statistics. We find it to be important for many countries, analyse its relationship with theoretically relevant factors, and note that the resulting perspective tends to make global net asset positions appear relatively stable. , Ricardo Hausmann and Federico Sturzenegger [source] Individual voluntary arrangements: A ,fresh start' for salaried consumer debtors in England and Wales,INTERNATIONAL INSOLVENCY REVIEW, Issue 1 2009Adrian Walters Since the mid-1990s the number of consumer insolvencies in England and Wales has grown exponentially. The UK's Insolvency Act 1986 offers two formal responses to personal insolvency: bankruptcy and individual voluntary arrangements (,IVAs'). While consumers have used both these debt relief mechanisms in increasing numbers in recent years, IVAs,regulated agreements between debtors and creditors facilitated by a licensed insolvency practitioner, usually taking the form of a 5-year payment plan,grew faster than bankruptcies between 2003 and 2006. However, the level of new IVA approvals fell back in 2007 and the first half of 2008. This article charts the transformation of the IVA from a bankruptcy alternative originally designed for insolvent traders and professionals into a tool of consumer debt relief. It then seeks to explain both the stellar rise in IVA usage among consumer debtors and the subsequent stalling of IVA growth. The rise of consumer IVAs can be attributed largely to supply side changes in the market for debt resolution,in particular the emergence of volume providers commonly referred to as ,IVA factories',while a sustained backlash against the procedure and the providers instigated by institutional creditors demanding higher recoveries accounts for the subsequent decline in approvals. The article concludes by considering the near-term prospects for consumer IVAs within the context of the increasingly complex UK debt resolution market. Copyright © 2009 John Wiley & Sons, Ltd. [source] Bono Made Jesse Helms Cry: Jubilee 2000, Debt Relief, and Moral Action in International PoliticsINTERNATIONAL STUDIES QUARTERLY, Issue 2 2007JOSHUA WILLIAM BUSBY Do states and decision-makers ever act for moral reasons? And if they do, is it only when it is convenient or relatively costless for them to do so? A number of advocacy movements,on developing country debt relief, climate change, landmines, and other issues,emerged in the 1990s to ask decision-makers to make foreign policy decisions on that basis. The primary advocates were motivated not by their own material interests but broader notions of right and wrong. What contributes to the domestic acceptance of these moral commitments? Why do some advocacy efforts succeed where others fail? Through a case study of the Jubilee 2000 campaign for developing country debt relief, this article offers an account of persuasion based on strategic framing by advocates to get the attention of decision-makers. Such strategic but not narrowly self-interested activity allows weak actors to leverage existing value and/or ideational traditions to build broader political coalitions. This article, through case studies of debt relief in the United States and Japan, also links the emerging literature on strategic framing to the domestic institutional context and the ways veto players or "policy gatekeepers" evaluate trade-offs between costs and values. [source] The Millennium Development Goals: the pledge of world leaders to end poverty will not be met with business as usual,JOURNAL OF INTERNATIONAL DEVELOPMENT, Issue 7 2004Sakiko Fukuda-Parr This article reviews the prospects for achieving the Millennium Development Goals. It argues that these goals will not be achieved by the target date of 2015 unless new action is taken by both rich and poor countries. It shows that current trends sharply contrast countries on their way to meeting the goals and those in a poverty trap. Crisis proportions have been reached in deterioration of life expectancy and falling incomes, but also in a wide range of other indicators in countries such as Zambia as well as Nepal. The origins of this crisis are not just poor governance or poor macroeconomic policies, but rather the difficulties of competing in global markets. A priority for these countries is to invest in basic education and health, infrastructure, agriculture and manufacturing. Rich countries have fallen seriously behind in living up to their promises to increase aid, debt relief and access to their markets for exports from developing countries,with the welcome but still inadequate increase in aid to reach the 0.7 per cent GDP target, with the collapse of trade talks at Cancun, slow implementation of HIPC, and slow progress in implementation of TRIPS provision for access to technology. Business as usual will not be enough to meet the goals and new action is urgently needed to achieve the goals. Copyright © 2004 John Wiley & Sons, Ltd. [source] | |||||||||||||