Abstract
The Brady Initiative has led to the conclusion of several debt-relief agreements. Opinion on the effects of these agreements on the debtor countries involved vary widely. The following article aims at clarifying the debate.
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(IMF, World Bank, Japan)
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This article is an abridged and translated version of a paper presented to the 1990 annual meeting of the German Verein für Socialpolitik.
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Reisen, H. The Brady Plan and adjustment incentives. Intereconomics 26, 69–73 (1991). https://doi.org/10.1007/BF02929539
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DOI: https://doi.org/10.1007/BF02929539