Delivering on debt relief : from IMF gold to a new aid architecture / Nancy Birdsall, John Williamson with Brian Deese.

Format:

Book

Author/Creator:

Birdsall, Nancy.

Contributor:

Williamson, John, 1937-2021.

Deese, Brian.

Language:

English

Subjects (All):

Debt relief--Developing countries.

Debt relief.

Debts, External--Developing countries.

Debts, External.

Loans, Foreign--Developing countries.

Loans, Foreign.

Structural adjustment (Economic policy)--Developing countries.

Structural adjustment (Economic policy).

Physical Description:

1 online resource (179 p.)

Edition:

1st ed.

Place of Publication:

Washington, DC : Institute for International Economics, 2002.

Language Note:

English

Summary:

This study brings readers up to date on the complicated and controversial subject of debt relief for the poorest countries of the world. What has actually been achieved? Has debt relief provided truly additional resources to fight poverty? How will the design and timing of the "enhanced Heavily Indebted Poor Country (HIPC) initiative" affect the development prospects of the world's poorest countries and their people? The study then moves on to address several broader policy questions: Is debt relief a step toward more efficient and equitable government spending, building better institutions, and attracting productive private investment in the poorest countries? Who pays for debt relief? Is there a case for further relief? Most important, how can the case for debt relief be sustained in a broader effort to combat poverty in the poorest countries?

Contents:

Cover

Contents

Foreword

Preface

Chapter 1 Introduction

Group A versus Group B

Expanding Debt Relief

Reinventing the Aid Architecture

Appendix 1.1 Ten Questions about Debt and Debt Relief

Chapter 2 The HIPC Initiative: Background and Critiques

The Heavily Indebted Poor Countries

Recent Debt Relief Initiatives

The Enhanced HIPC Framework

Critiques of the Enhanced HIPC Initiative

Chapter 3 The Case for More

Debt Sustainability

The Millennium Development Goals

Chapter 4 What Form of More?

Political Resonance

Additionality

Redistribution

Efficiency

Country Selectivity

Summary

Chapter 5 Deepening and Extending Debt Reduction

Deeper Relief

Making More Countries Eligible

A Contingency Facility

Financing More Debt Relief

Chapter 6 A New Aid Architecture

The HIPC Procedure

Grants, Not Just Loans

Incremental Proposals to Increase Donor Accountability

Donor Incentives for Selectivity

Exploiting Multilateralism: The Common Pool

Sovereign Debt: Building on the HIPC Initiative

Chapter 7 Conclusions

Whether to Extend More Debt Relief

How to Extend the HIPC Initiative

Cost of the Extensions

Toward a New Aid Architecture

Appendix A Multilateral Institutions Participating in the HIPC Initiative

Appendix B Countries Classified by Income

Appendix C Odious Debt

Democratic Republic of Congo (Zaire)

Kenya

Nicaragua

Pakistan

Uganda

References

Glossary

Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. 147-150) and index.

ISBN:

9786611181727

9781281181725

1281181722

9780881324457

0881324450

9781435631427

1435631420

OCLC:

290580208