| dc.contributor.author | de Mel, Nishan | |
| dc.contributor.author | Rajakulendran, Raj | |
| dc.date.accessioned | 2026-03-27T04:29:01Z | |
| dc.date.available | 2026-03-27T04:29:01Z | |
| dc.date.issued | 2025-02 | |
| dc.identifier.issn | 3084-8903 | |
| dc.identifier.uri | https://archive.veriteresearch.org/handle/456/8097 | |
| dc.description | 17p. The Version of Record of this article is published in the Development Journal and is available online at - https://doi.org/10.1057/s41301-025-00433-x. | en_US |
| dc.description.abstract | The paper develops an analytical method and metric for evaluating the extent to which a nation’s budget support commercial debt is necessitated by the obligation to repay concessional project loans of the past. This is dubbed as the Peter-Paul dynamic. Applying it to the case of Sri Lanka and global experiences provides two kinds of insights: the hidden possibility and sources of designated project loans driving a national debt crisis, and key considerations for multilateral practices in lending to and graduating countries from concessional debt. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Colombo: Verité Research | en_US |
| dc.relation.ispartofseries | Working Paper;April 2025 - 02 | |
| dc.relation.uri | https://www.veriteresearch.org/wp-content/uploads/2025/06/06232025_PeterPaul_WP.pdf | en_US |
| dc.subject | Debt restructuring | en_US |
| dc.subject | Debt sustainability | en_US |
| dc.subject | Concessional financing | en_US |
| dc.subject | Sovereign bonds | en_US |
| dc.subject | Debt dynamics | en_US |
| dc.subject | Debt crisis | en_US |
| dc.title | Borrowing from Peter to Pay Paul: Measuring the Commercial Debt Burden Created by Concessional Debt | en_US |
| dc.type | Working Paper | en_US |
