Debt Relief for the Poorest Countries

Debt Relief for the Poorest Countries

Author: Yiagadeesen Samy

Publisher: Routledge

ISBN: 9781351523387

Category: Business & Economics

Page: 270

View: 125

Download BOOK ยป

The debt problems of poor countries are receiving unprecedented attention. Both federal and non-governmental organizations alike have been campaigning for debt forgiveness for poor countries. The governments of creditor nations responded to that challenge at a meeting sponsored by the G-7, International Monetary Fund, and World Bank, all of which upgraded debt relief as a policy priority. Their initiatives provided for generous interpretations of these nations' abilities to sustain debt, gave them opportunities to qualify for debt relief more rapidly, and linked debt relief to broader policies of poverty reduction. Despite this, the crisis has only deepened in the first years of the new millennium. This brilliant group of contributions assesses why this has occurred. In plain language, it considers why debt relief has been so long in coming for poor countries. It evaluates the cost of a persistent overhang in debt for those countries. It also examines, head on, whether enhanced debt relief initiatives offer a permanent exit from over-indebtedness, or are merely a short-term respite. Above all, this volume for the first time addresses the issues on the ground: that is, the views and opinions about debt relief on the part of leaders in advanced nations, and the probability of further support for the most impoverished lands. In this approach, the editors and contributors have made an explicit and successful attempt to be inclusive and relevant at all stages of the analysis. This volume covers the full range of the poorest countries, with contributions by John Serieux, Lykke Anderson and Osvaldo Nina, Befekadu Degefe, Ligia Maria Castro-Monge, and Peter B. Mijumbi. Collectively, they offer a sobering scenario: unless measures are put in place now, in anticipation of further crises, the future of the very poorest nations will remain bleak and troublesome.
Debt Relief for the Poorest Countries
Language: en
Pages: 270
Authors: Yiagadeesen Samy
Categories: Business & Economics
Type: BOOK - Published: 2018-02-06 - Publisher: Routledge

The debt problems of poor countries are receiving unprecedented attention. Both federal and non-governmental organizations alike have been campaigning for debt forgiveness for poor countries. The governments of creditor nations responded to that challenge at a meeting sponsored by the G-7, International Monetary Fund, and World Bank, all of which
Debt Relief for the Poorest
Language: en
Pages: 107
Authors: Madhur Gautam
Categories: Business & Economics
Type: BOOK - Published: 2003 - Publisher: World Bank Publications

The Heavily Indebted Poor Countries (HIPC) Debt Initiative was designed to relieve the high external debt of some of the world's poorest nations. The Initiative was put in place by the World Bank and the International Monetary Fund (IMF) in 1996 and enhanced in 1999. The HIPC Debt Initiative addresses
Debt Relief for the Poorest
Language: en
Pages: 77
Authors: Shonar Lala, Rupa Ranganathan, Brett Libresco
Categories: Business & Economics
Type: BOOK - Published: 2006-01-01 - Publisher: World Bank Publications

This study evaluates progress under the HIPC initiative since IEG's 2003 evaluation. It finds that the Enhanced HIPC initiative cut debt ratios in half for 18 countries, but in eight of these countries, the ratios have come to once again exceed HIPC thresholds. Debt reduction alone is not a sufficient
Debt Relief for the Poorest
Language: en
Pages: 77
Authors: Shonar Lala, Rupa Ranganathan, Brett Libresco, World Bank. Independent Evaluation Group
Categories: Business & Economics
Type: BOOK - Published: 2006-01-01 - Publisher: World Bank Publications

The Heavily Indebted Poor Countries (HIPC) Debt Initiative was established by the World Bank and the International Monetary Fund in 1996, in order to relieve the high external debt of some of the world's poorest nations. The initiative seeks to provide a permanent end to debt rescheduling, promote growth and
Debt Relief for Poverty Reduction
Language: en
Pages: 22
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2001-08-02 - Publisher: International Monetary Fund

Launched in 1996, the original Initiative for Heavily Indebted Poor Countries (HIPCs) marked the first time that multilateral, Paris Club, and other official bilateral and commercial creditors united in a joint effort to reduce the external debt of the world's most debt-laden poor countries to sustainable levels, that is, levels