Coming to Terms with Reality. Evaluation of the Belgian Debt Relief ...

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List of abbreviations
ODA Official Development Assistance
OECD Organisation for Economic Co-operation and Development
ONDD Office Nationale du Ducroire - Nationale Delcrederedienst
OOF Other Official Flows
PFM Public Financial Management
PRGF Poverty Reduction and Growth Facility
PRSP Poverty Reduction Strategy Paper
SAP Structural Adjustment Programme
SBS Sector Budget Support
UNCTAD United Nations Conference on Trade and Development
WADB West African Development Bank
Coming to Terms with Reality
List of tables and figures
Table 2.1 A ‘generational’ overview of international debt relief initiatives by type of
creditor 32
Table 2.2 Conditionality and alignment features of different types/generations
of debt relief 41
Table 2.3 GDF (debtor-reported) nominal value of total debt relief received
per recipient country (in current mio US$) 46
Table 2.4 DAC (creditor-reported) nominal value of gross debt relief granted
per donor (in current mio US$) 51
Table 2.5 DAC (creditor-reported) nominal value of gross debt relief received
per country (in current mio US$) 52
Table 2.6 Outstanding debt claims per DAC creditor in 1990 (in current mio US$) 54
Table 2.7 A Generosity Index for DAC creditors 55
Table 2.8 Costs of the HIPC Initiative per creditor and country group (in bn US$,
in end-2008 PV terms) 57
Table 2.9 Costs of the MDRI per creditor and country group (in bn US$, in
nominal and end-2008 PV terms) 57
Table 2.10 DAC categories of debt reorganisation interventions and ODA accounting
(in current mio US$) 60
Table 2.11 Alternative approaches to measuring aid 65
Table 3.1 Debt relief per type of intervention (in mio EUR) 87
Table 3.2 Debt relief per recipient country (in mio EUR) 88
Table 3.3 Debt relief per type of intervention (in mio EUR) after compensations 92
Table 3.4 ODA per type of intervention (period 1988-2009; in mio EUR) 93
Table 3.5 ODA per recipient country (period 1988-2009; in mio EUR) 94
Table 3.6 The share of debt relief in total Belgian ODA (in mio EUR and %; 2000-2009) 95
Table 3.7 Impact on the DGD budget (2005-2009; in mio EUR) 97
Table 4.1 Treatment of Cameroon’s foreign debt at the Paris Club 111
Table 4.2 Average annual growth rate, global and by per sector of activity (in percentages) 114
Table 4.3 Belgian participation in debt consolidations in the framework of
the Paris Club 117
Table 4.4 Remaining claims cancellation at HIPC Completion Point (in mio EUR) 118
Table 4.5 Past compensations (in mio EUR) 119
Table 4.6 Calculation of final ONDD claim for Cameroon (in mio EUR) 119
Figure 1.1 Evaluation matrix for debt relief 24
Figure 2.1 Schematic overview of different types of bilateral debt relief interventions 45
Figure 2.2 The debt stock of the 35 post-decision point HIPCs under different
debt relief stages (in bn US$) 58
Figure 2.3 Evolution of ODA and its components (in constant 2008 mio US$) 61
Figure 2.4 Evolution of ODA and its components for HIPCs (in constant 2008 mio US$) 62
Figure 2.5 Evolution of ODA and its components for LICs (in constant 2008 mio US$) 63
Figure 3.1 The Belgian institutional debt relief structure and types of interventions 79
Figure 3.2 The share of debt relief in total Belgian ODA (% of GNI; 2000-09) 96
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