Michel-Henry Bouchet

Michel-Henry Bouchet, former Senior Economist at the World Bank and President of Owen Stanley Financial, currently Strategy Adviser of investment funds and Professor Emeritus, SKEMA Business School

Articles: 3

Transitions

Pandemic crisis and risks of state failure in EU’s aid recipients: An opportunity for promoting governance-linked development policy.

In the aftermath of the pandemic crisis, a number of already weak countries will fall in deep economic and social distress. That raises the question of the efficiency of official development aid coupled with debt relief to pull countries out of poverty when bad governance is endemic ...

Michel-Henry Bouchet
February 18, 2022

Economics and Finance

Financial institutions and developing countries’ debt cancellations: How to get rid of moral hazard?

In the recent article published by Journal of Risk Management in Financial Institutions, we observe that the pandemic crisis has revived the issue of debt cancellation for developing countries, placing debt relief on the front burner of multinational institutions and OECD governments. Most often the argument is that social justice should lead to forgiving debts to break the subordination of poor countries with the purpose to ‘reset the counters’....