Can Debt Relief Boost Growth in Poor Countries? Economic Issues, 34

Clements, Benedict, Bhattacharya, Rina, Nguyen, Toan Quoc

ISBN 10: 1589063546 / ISBN 13: 9781589063549

Published by International Monetary Fund, 2005

About this Item

13 pp., Paperback, very good. - If you are reading this, this item is actually (physically) in our stock and ready for shipment once ordered. We are not bookjackers. Buyer is responsible for any additional duties, taxes, or fees required by recipient's country.

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Bibliographic Details

• Title: Can Debt Relief Boost Growth in Poor Countries? Economic Issues, 34
• Publisher: International Monetary Fund
• Publication Date: 2005
• Language: English
• ISBN 10: 1589063546
• ISBN 13: 9781589063549
• Binding: Soft cover
• Condition: Very Good

About this title

Synopsis

The Heavily Indebted Poor Countries (HIPC) Initiative, launched in 1999 by the IMF and the World Bank, was the first coordinated effort by the international financial community to reduce the foreign debt of the world's poorest countries. It was based on the theory that economic growth in heavily indebted poor countries was being stifled by heavy debt burdens, making it virtually impossible for these countries to escape poverty. However, most of the empirical research on the effects of debt on growth has lumped together a diverse group of countries, and the literature on the countries' impact of debt on poor is scant. This pamphlet presents the findings of the authors' empirical research into the subject, analyzing the channels through which debt affects growth in low-income countries.