captured the attention of the world as much as debt relief for the poorest and most indebted nations. In the past half …-decade, wide-ranging and active support has developed for reducing the debt owed by poor countries to banks, governments, and … multilateral institutions in the developed world. Most proposals for debt relief have also called for more resources to be invested …

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 …

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 …

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 …

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 …