On structural change and debt-servicing capacity (English)

Conventional wisdom seems to claim that Low Developing Countries (LDC) debt rescheduling problems are reflections of the failure of borrowers to invest their loans in appropriate productive activities. A primary aim of this paper is to evaluate the operational relevance of an approach which focuses on the use to which externally borrowed funds are put. In section two a general long-run theory of creditworthiness that suggests present concerns over...

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Author

Kharas,Homi;
Document Date
1981/08/01
Document Type
Working Paper (Numbered Series)
Report Number
SDF74
Volume No
1
Total Volume(s)
1
Country
Brazil, Korea, Republic of, Peru,
Region
East Asia and Pacific, Latin America and Caribbean,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
On structural change and debt-servicing capacity
Keywords
saving rate

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Citation

Kharas,Homi.

On structural change and debt-servicing capacity (English). Studies in domestic finance ; no. SDF 74 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/449831468020933379

On structural change and debt-servicing capacity (English)

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