This study analyzes the debt-relief initiative which as introduced by the IMF and the World Bank, with the support of …

-indebtedness in Africa, to reduce the continent’s exposure to foreign-currency denominated debt and to encourage good governance by … Financial Governance in Africa, which attempts to include emerging lenders in the DSF framework — the Joint Bank-Fund Debt … Sustainability Framework. The empirical analysis of debt dynamics distinguishes three country groups: African HIPC, HIPC-China (High …

its debt to bilateral donors (along the lines of concessional Naples terms for IDA-only countries), which we argue is …

policies mattered little. Donors—especially bilateral donors—actually made greater transfers to countries with high debt …, largely owed to multilateral creditors, when policies were “bad.” We conclude that comprehensive debt relief has the potential …

We review two proposals for debt forgiveness; the Highly Indebted Poor Country Initiative (HIPC) and the Jubilee 2000 … Coalition Initiative (J2K). We then consider the workhorse model of debt forgiveness (Krugman 1988). We show that the workhorse …-optimal debt-overhang contract is derived, with an incentive parameter greater than the marginal social benefit of extra effort …

This paper systematically reviews recent experience with debt-for-development swaps in Indonesia, the only debtor … country where the number of such operations could warrant its qualification as a genuine government debt relief and … increase of resources for intended sector purposes; whether, taken together, these swaps ease debt burdens; and the extent of …