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High multilteral debt - PowerPoint PPT Presentation

Why such a long debt crisis in low-income countries?

Persistent country characteristics (bad policies) ? low growth and high debts ? debt relief ? bad policies Moral hazard with debtors (Easterly) High debt and low growth ? debt relief ? more loans ( moral hazard with creditors) and, through conditions, bad policies ? lower growth.

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High multilteral debt - PowerPoint PPT Presentation

Why such a long debt crisis in low-income countries?