This paper examines the question if the Heavily Indebted Poor Country (HIPC) Initiative provides a good basis for the HIPCs to exit from repeated debt rescheduling. Building on other reviews of the HIPC Initiative, the paper begins with a short summary of some key problems of the HIPC...

This paper analyzes the distributional impacts of recent debt relief initiatives among four groups of countries: the heavily indebted poor countries (HIPCs), the other IDA-eligible countries, the non-IDA developing countries, and the industrialized countries. The distributional impacts are...