01654cas a2200241 a 4500 AALejournalIMF010054 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451962857 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Tax Credits for Debt Reduction : A Proposal. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations and by the system of taxation utilized to provide government revenue for debt payments. It is well known that existing debt contracts could be altered to improve the incentives for investment but this has proven difficult to accomplish, perhaps because individual creditors have incentives not to agree to such changes. In this paper we show that a simple tax credit scheme that can be implemented unilaterally by the debtor government can overcome at least some of the inefficiencies caused by existing debt contracts. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/064 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/064/001.1989.issue-064-en.xml IMF e-Library