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Volume :25 Issue : 1 1997      Add To Cart                                                                    Download

Arab Debt Arrears: Analysis and Solution

Auther : Hussain M. Amach

Arab countries forced into voluntary or compulsory insolvency for failing to pay their international debts find themselves in a dilemma when investing for future and present consumption; they must weight the benefits of maintaining foreign capital inflow with the benefits of halting payments and reversing cash outflow with. This paper Analysis the motives that may be at work to keep these countries insolvent. Arab development institutions have made vague suggestions about how to maintain a balance between keeping foreign capital inflow while meeting dept services. How ever, the international donor/debtor community has already developed well-defined mechanisms for dealing with such problems, the Paris club, which is the most effective institutional mechanism for dealing with official debt by rescheduling and restructuring of payments according to the needs of each country; and the London club, Monitory fund and the World Bank. The author suggests that an Arab channel similar to the Paris club be implemented to reduce the burden of the Arab countries.

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