Debt Relief and Beyond : Lessons Learned and Challenges Ahead
Language: English
Published by World Bank Publications Okt 2009, 2009
- Softcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
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Add to basketItem description from seller
Neuware - The Heavily Indebted Poor Countries (HIPC) Initiative is the first comprehensive multilateral debt relief framework for low-income countries. After 12 years of this initiative, 33 countries have qualified for HIPC assistance. Debt relief, associated with HIPC and the Multilateral Debt Relief Initiative (MDRI), introduced in 2005, amounts to US$117 billion in nominal terms, benefiting 33 countries - an amount that represents about 50 percent of these countries 2007 GDP. This book assesses the implications of debt relief for low-income countries and how the benefits from debt relief can be preserved in the future. It examines key question related to debt relief, debt sustainability and debt management: what are the consequences of debt relief to low-income countries for poverty-reducing expenditures, growth and access to finance Can debt relief guarantee debt sustainability How can debt management in low-income countries be improved Which lessons can low-income countries learn from other countries that went through debt restructuring episodes This volume attempts to answer these and other important questions.…
Seller Inventory # 9780821378748
- Title
- Debt Relief and Beyond : Lessons Learned and Challenges Ahead
- Author
- Doerte Doemeland
- Publisher
- World Bank Publications Okt 2009
- Publication year
- 2009
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 0821378740
- ISBN 13
- 9780821378748
- Item weight
- 614 grams
- Dimensions
- 225x154x34 mm
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Review
"It is hard to find issues of similar worldwide importance to those discussed in this book. Debt Relief and Beyond addresses questions that are key to the pursuit of global peace and justice in a globalized world. The tools described will undergo a harsh test of their practicability due to the global financial crisis. Accordingly, this book is an important, but certainly not the ultimate, step in the evolving debate about debt and development." --Christoph G. Paulus, Dean of the Law School and Professor of Law, Humboldt University at Berlin
"This book takes up many of the critical issues concerning future policies in the HIPC countries. At their heart is the concern, how can low-income countries avoid repeating the cycle of borrowing themselves into unsustainability? Countries that can see light at the end of the tunnel (and who would have thought three decades ago that the likes of Bangladesh and India would now be emerging?) will find much good advice here. Our worries need to focus on the countries that are not yet in this position and for which additional grant aid is the only option." --John Williamson, Senior Fellow, Peterson Institute for International Economics
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