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...

The world is currently at a crossroads. Low- and middle-income countries such as Nigeria are seeing rapid growth in their working-age populations. Yet often, these increasingly educated and skilled young people cannot find meaningful work within their countries of origin, either because their...