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The Handbook of Reparations$
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Pablo de Greiff

Print publication date: 2006

Print ISBN-13: 9780199291922

Published to Oxford Scholarship Online: May 2006

DOI: 10.1093/0199291926.001.0001

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Financing Reparations Programs

Financing Reparations Programs

Reflections from International Experience

Chapter:
(p.650) Chapter 19 Financing Reparations Programs
Source:
The Handbook of Reparations
Author(s):

Alexander Segovia

Publisher:
Oxford University Press
DOI:10.1093/0199291926.003.0020

One of the least studied aspects of programs of reparation, both in theory and in practice, is financing. This is odd given the fact that mobilizing resources, both domestic and foreign, is politically one of the most difficult tasks any society can undertake. This paper centers on the subject of financing reparation programs and attempts to answer the following questions: Which factors play a role in the process of mobilizing domestic and foreign resources to finance reparations? Is financing solely a technical-economic problem, or does it involve political, social, and cultural factors? Why do governments prefer financing social programs instead of programs of reparation? How do the proposals made by truth commissions regarding financing affect the viability of programs of reparation? Which factors explain the efficacy of financing models of reparation programs? In order to address these questions, the paper has been divided into three main sections. In the first, programs of reparation are analyzed from the perspective of political economy, which means that both economic and non-economic factors that influence the mobilization of domestic and foreign resources by a transitional society are taken into consideration. The second section focuses on international experiences in the area of financing programs of reparation, with the purpose of extracting some lessons. The third section presents the main conclusions of the study.

Keywords:   finance, political economy, reparations program, domestic resources, foreign resources

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