The External Debt Contentious Six Years after the Monterrey Consensus

No 51, G-24 Discussion Papers from United Nations Conference on Trade and Development

Abstract: This paper has three objectives. It discusses the main developments and new issues that have arisen after the Monterrey Conference. It critically reviews the Monterrey Consensus on external debt. It provides a set of recommendations for reviewing the implementation of the Monterrey Consensus, to take place in Doha, Qatar, in December 2008. In doing so, the paper discusses the shortcomings of standard debt sustainability exercises; it presents new results on the additionality of debt relief; and discusses the need for developing new financial instruments and institutions aimed at reducing the risks of sovereign and external borrowing. The paper also briefly discusses issues related to the definition of external debt and touches on the odious debt debate.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://unctad.org/system/files/official-document/gdsmdpg2420082_en.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unc:g24pap:51

Access Statistics for this paper

More papers in G-24 Discussion Papers from United Nations Conference on Trade and Development Contact information at EDIRC.
Bibliographic data for series maintained by Joerg Mayer ( this e-mail address is bad, please contact ).