The paper develops the view that the perspective on the HIPC initiative is distorted by the fact that – contrary to the … Brady deal itself – it lacks all perspective on the ‘market value’ of the debt which is written down. The appropriate …

resulted in a reduction of poverty in Africa. Inter-country variations in income and human poverty reinforce the established … patterns of well-being within the continent, as countries in Northern and Southern Africa have the lowest levels of poverty … pertaining to human development are economic growth, high external debt, the prevalence of HIV/AIDS and the geographical …

towards rewarding indebted countries that have ‘superior' institutions with increased debt relief by probing whether there is …This paper examines how indebted countries have reacted to the recent shift in the global debt relief architecture … applying for debt relief. …

The Highly Indebted Poor Countries (HIPC) initiative has been one of the primary avenues for delivering debt relief to … developing countries in the past decade. However, the performance of countries in the HIPC programme has been vastly …

rewarded with increasinf aid and debt relied, an incentive for debtor countries to strategically improve their institutions …Recent shifts in the global debt relief architecture has meant that countries with superior institutions are often … prior to seeking debt relief. This paper contributes to the literature by developing and empirically testing a political …

on the role of debt and debt sustainability in the decisions of multilateral and bilateral donors. We find no evidence of … defensive lending but strong evidence of defensive granting. A significant negative reaction of net loans to the debt ratio … debtor countries is however accommodated through higher grants, in addition to debt relief. These findings are consistent …

debt reduction via the enhanced HIPC initiative. This debt relief program is distinguished from previous ones by its … an increase in social spending there could be a short-run increase in inflation in HIPC countries and (iii) the keys to …

as they were a decade ago. Since debt relief provided under HIPC will free government resources, the initiative will … deviations from these are likely to lead to a rapid accumulation of debt, so debt sustainability – as reflected in the debt …