Public debt relief for developing countries

Defense Expenditures, External Public Debt and Growth in Developing Countries

An Appraisal of Debt Relief for Poor Countries

The Highly Indebted Poor Countries’ (HIPC) Initiative provides debt relief to a group of highly indebted poor countries. The capacity of the multilateral financial institutions (MFIs) to manage this programme is analysed and the conclusion is drawn that it is unlikely to achieve the purposes for which it has been established. Criticism is based upon the MFIs’ own policy advice as well as that o...

Debt relief and public health spending in heavily indebted poor countries.

The Heavily Indebted Poor Countries (HIPC) Initiative, which was launched in 1996, is the first comprehensive effort by the international community to reduce the external debt of the world's poorest countries. The Initiative will generate substantial savings relative to current and past public spending on health and education in these countries. Although there is ample scope for raising public ...

Debt management and crisis in developing countries

Debt management policy for governments of developing countries must balance conflicting objectives. The structure of explicit and implicit government debt influences the amount of lending private creditors are willing to extend, contractual debt service costs, the probability of default and the costs of default. Because default is not relevant for governments of industrial countries, their debt...

Has Debt Relief Made