What Does Debt Relief Do for Development?

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High levels of household debt are a common problem in developed and developing economies, and evidence from the global financial crisis suggests that high household debt-to-GDP ratios can be an important source of financial instability, prolonged recessions, and reduced income growth in the longer run. In the aftermath of the financial crisis, policymakers have therefore sought to identify policies that can effectively reduce household debt, and direct credit market interventions—such as debt moratoria or debt relief for highly-indebted households—have been proposed as a potential solution. Such programs have, however, remained controversial because there is limited evidence on their ability to resolve debt overhang and stimulate economic activity, and because crit


About Open Learning Campus

All registered users of OLC can experience its impact of new features. If you are already registered with OLC you can directly sign in to the new system. If you are a new user then do register to avail of the dynamic learning opportunities from WBG to deepen your knowledge and skills on a variety of development related topics. For example, you will have access to timely resources such as:

  1. Ted like video talks
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  4. Live events and Knowledge Exchanges
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You will have access to an extensive catalog of resources through which you can search and discover relevant learning materials.


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Course Details

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