{"title":"What would it take for private capital to replace ODA?","authors":"Ishac Diwan","doi":"10.1111/dpr.70034","DOIUrl":null,"url":null,"abstract":"<p>The global financial crisis has been exacerbated by a systemic debt crisis in low- and lower-middle-income countries. The Global Financial Safety Net (GFSN) has a role in resolving the debt crisis. However, improving the capacity of indebted countries to cope with market swings and how to make markets a useful source of finance for long-term development remains a challenge looking for a solution. In addition to a larger GFSN, it is essential to develop rules that facilitate debt refinancing during outturns.</p>","PeriodicalId":51478,"journal":{"name":"Development Policy Review","volume":"43 5","pages":""},"PeriodicalIF":1.4000,"publicationDate":"2025-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Development Policy Review","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/dpr.70034","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
The global financial crisis has been exacerbated by a systemic debt crisis in low- and lower-middle-income countries. The Global Financial Safety Net (GFSN) has a role in resolving the debt crisis. However, improving the capacity of indebted countries to cope with market swings and how to make markets a useful source of finance for long-term development remains a challenge looking for a solution. In addition to a larger GFSN, it is essential to develop rules that facilitate debt refinancing during outturns.
期刊介绍:
Development Policy Review is the refereed journal that makes the crucial links between research and policy in international development. Edited by staff of the Overseas Development Institute, the London-based think-tank on international development and humanitarian issues, it publishes single articles and theme issues on topics at the forefront of current development policy debate. Coverage includes the latest thinking and research on poverty-reduction strategies, inequality and social exclusion, property rights and sustainable livelihoods, globalisation in trade and finance, and the reform of global governance. Informed, rigorous, multi-disciplinary and up-to-the-minute, DPR is an indispensable tool for development researchers and practitioners alike.