Format:
XXII, 451 S.
,
graph. Darst.
ISBN:
9780821378748
,
9780821378755
Content:
The history of debt relief goes back several decades. It reveals that a country's accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country's policies and institutions. In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief framework for low-income countries. In 2005, the Multilateral Debt Relief Initiative was established, which increased the level of debt relief provided to HIPCs. As of early 2009, assistance through these two initiatives had been committed to 35 countries and amounted to US$117 billion in nominal terms, or half of the 2007 GDP of these countries.
Note:
Enth. 16 Beitr.- Includes bibliographical references and index
Additional Edition:
ISBN 9780821378755
Language:
English
Subjects:
Economics
Keywords:
Entwicklungsländer
;
Auslandsschulden
;
Schuldenerlass
;
Debt Management
;
Nachhaltigkeit
;
Graue Literatur
;
Aufsatzsammlung
DOI:
10.1596/978-0-8213-7874-8
Author information:
Braga, Carlos Alberto Primo 1954-
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