Debt Accumulation in the CIS-7 Countries : Bad Luck, Bad Policies, or Bad Advice?

Bad Luck, Bad Policies, or Bad Advice?

Debt Accumulation in the CIS-7 Countries : Bad Luck, Bad Policies, or Bad Advice?
Following the breakup of the Soviet Union in 1992, several low-income countries in the Commonwealth of Independent States (CIS) accumulated substantial external debt in a short time span, about half of which is owed to multilateral financial institutions. Three factors contributed to the current debt burden. First, the initial years of... READ MORE...

Publication date: May 2004
ISBN 9781451851687
$15.00

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