Title
A chameleon called debt relief A chameleon called debt relief
Author
Faculty/Department
Institute of Development Policy and Management
Publication type
report
Publication
Antwerp :UA, Institute of Development Policy and Management, [*]
Subject
Politics
Economics
Source (series)
IOB working paper ; 2013:01
Volume/pages
32 p.,
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
This paper critically reviews three decades of official creditors' debt relief practice in Sub-Saharan Africa from a novel angle, i.e. along debt relief's similarities with other aid modalities. We show that debt relief is a true 'chameleon' which mimics different sorts of aid, from traditional project aid to multi-year general budget support. The 'colour' of this chameleon depends on the embedded conditionality, alignment and the budgetary resource effect of particular debt relief interventions. We argue that characterising debt relief from an aid modality perspective is helpful in better understanding its widely varying performance track record and holds important policy lessons for designing future operations.
Full text (open access)
https://repository.uantwerpen.be/docman/irua/3959b1/ca600b3b.pdf
Handle