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Research Papers

Roodman, David. "Après la Dette, le Déluge? How a Generous Debt Deal in Paris Could Add to an Aid Flood in Myanmar," CGD Policy Paper 22 (2013).
Summary: "In January, Japan, Norway, and other Western creditors agreed to cut the debt owed them by Myanmar by about 70 percent in economic terms, while the World Bank and Asian Development Bank refinanced Myanmar’s arrears to those lenders. The regime that contracted the debts may have been “odious” but the current regime is too continuous with the old one to legitimate a refutation of past contracts on the odious debt doctrine." [Abstract]


Myanmar's Debt: What's Behind the Speedy Efforts to Restructure It? Eurodad, 2013. 

Purpose: Analysis of Myanmar's Debt. 

Content: "This report discusses Myanmar's debt stock before relief, the cancellation and restructuring of Myanmar's debt, as well as assesses Myanmar's debt relief deals." [Author]

World Bank. International Debt Statistics 2013. Washington: World Bank, 2013

Purpose: Inform of trends in external financing.

Content: This report provides an overview of Myanmar's debt (see page 214).

International Monetary Fund. Myanmar Debt Sustainability Analysis: IMF Staff Report for the 2011 Article IV Consultation. IMF, 2012.

Purpose: Analysis of Myanmar's debt sustainability.

Content: "Myanmar remains classified as in debt distress. The projected path of Myanmar’s external and public debt burden indicators improves significantly in the medium and long term compared to last year’s DSA, primarily due to increasing fiscal revenues with the planned adoption of a market-determined exchange rate and a better outlook for the economy." [Author]

International Monetary Fund.  Myanmar Article IV Consultation. Washington: IMF, 2012.

Purpose: Consultations on improving macroeconomic management to underpin reforms, and on policies to foster broad-based economic growth.

Content: "Consistent with past advice, the authorities are moving forward with reforms of the exchange rate system. Discussions centered on improving macroeconomic management to underpin these reforms, and on policies to foster broad-based economic growth." [Author]



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