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

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| 132 | References Nicolas, P. (ed) (1996) World credit tables. Creditors’ claims on debtors exposed, Brussels: European Network on Debt and Development. OECD (2008) ‘Principles and guidelines to promote sustainable lending practices in the provision of official export credits to low income countries (April 2008 revision)’, Working Group Document TAD/ECG(2008)15, Paris: Organisation for Economic Co-operation and Development. Powell, R. and Bird, G. (2010) ‘Aid and debt relief in Africa: Have they been substitutes or complements’, World Development 38 (3): 219-227. Presbitero, A. F. (2009) ‘Debt-relief effectiveness and institution-building’, Development Policy Review 27 (5): 529-559. Raddatz, C. (2009) ‘Multilateral debt relief through the eyes of financial markets’, Policy Research Working Paper 4872, Washington, DC: World Bank. Renard, R. and Cassimon, D. (2001) ‘On the pitfalls of measuring aid’, WIDER Discussion Paper No. 2001/69, Helsinki: United Nations University - World Institute for Development Economics Research. Ruiz, M. (2007) ‘Debt swaps for development: Creative solution or smoke screen?’, EURODAD Report, Brussels: European Network on Debt and Development. Schmid, J. P. (2009) ‘Is debt relief good for the poor? The effects of the HIPC Initiative on infant mortality’, In: C. A. Primo Braga and D. Dömeland (eds), Debt relief and beyond: Lessons learned and challenges ahead, Washington, DC: World Bank, pp. 49-69. SEE (2010) ‘Evaluation of the Belgian instruments in support of foreign trade eligible as ODA - FINEXPO’, Special Evaluation Office Report, Luxemburg: Société d’Études et d’Évaluation. UNCTAD (2009) ‘The impact of the financial and economic crisis on debt sustainability in developing countries’, UNCTAD Secretariat Note, September, Geneva: United Nations Conference on Trade and Development. Vásquez, I. (1996) ‘The Brady plan and market-based solutions to debt crises’, Cato Journal 16 (2): 233-243. World Bank (1998) Assessing aid: What works, what doesn’t and why, Washington DC: Oxford University Press and World Bank. World Bank (2007) ‘The concept of odious debt: some considerations’, PRME Discussion Paper, September, Washington, DC: Economic Policy and Debt Department, World Bank. Coming to Terms with Reality World Bank (2010) Global Development Finance: External debt of developing countries, Washington, DC: World Bank. World Bank and IMF (2009) Developing a medium-term debt management strategy (MTDS) - Guidance note for country authorities, February 14, Washington, DC: World Bank and International Monetary Fund. | 133 |
Annexes Coming to Terms with Reality Annex 1: Stages of the evaluation and list of key informants Complementary to the methodological chapter 1 of the main report, in which the logical framework of the evaluation is described in detail, this annex provides a brief description of the evaluation process. More particularly, it describes the different stages of the evaluation, and the process of gathering information, including the indication of key informants interviewed. The evaluation has been conducted in three stages, a desk study, mainly in Belgium, a field mission to Cameroon, and an analysis stage at ONDD in Brussels. The desk study stage consisted of conducting a literature review on the international literature on debt relief, as well as gathering key documents on the Belgian debt relief practice and conducting a series of interviews with key informants in Belgium. The literature review on the international debt relief focused on the theory and practice of debt relief, both on the pre-evaluation period (i.e. before the HIPC initiative), as well as during the period of investigation, i.e. on the HIPC/MDRI initiative itself. This literature review was regularly updated during the evaluation, so the evaluation could finally span the full recent decade, from 2000 to the end of 2009. During this period of evaluation, the evaluation also benefitted from a member of the team attending two key international conferences on debt relief, both co-organised by the World Bank (one in Washington DC in October 2008 and one in Tunis at the end of March 2010), which were very instrumental in gathering the most recent information and meeting key international actors and academics in the debt relief field. Also a (written) interview was conducted with Mr. Kiekens on the role of IMF in debt relief issues (as well as on the Belgian position); comparable information on the World Bank position was gathered through Mr. Godts at the Ministry of Finance. The process of information gathering on the Belgian practice and conducting interviews with key Belgian actors started in the beginning of 2008, by conducting interviews with key actors from the three main agencies involved, i.e. DGDC (Lutgarde De Groof), the Ministry of Finance (Franciscus Godts and Eddy Boelens) and ONDD (Thibaut De Haene and Anton De Doncker).On the one hand, the team could benefit from previous work on this topic for Belgian development cooperation actors (e.g. within the framework of short term and long-term policy-support contracts for DGDC within the Vl.I.R-intermediated ‘beleidsvoorbereidend onderzoek’, BVO, and ‘beleidsondersteunend steunpunt’, BOS), for which it had already gathered a lot of the internal documents, but, on the other hand, these interviews did not generate the minimally necessary information to conduct the evaluation as planned in the inception, methodological report, mainly with respect to information to be provided by ONDD. Part of this information was provided by ONDD in November 2008. Partly also on the basis of this additional ONDD information provided end of in 2008, the second stage of the evaluation was a field mission to Cameroon to analyse the effects of | 135 |
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Page 115: Published by: Kingdom of Belgium Fe
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