HIPC / PRSP process : are relief of poverty, debt, and public finances being achieved?
Date
2003
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Abstract
The indicators of sustainable debt as defined by the IMF and the World Bank are looked at, and the amount of debt relief provided thus far is reviewed. This paper examines the Enhanced Highly Indebted Poor Country (HIPC) Initiative: the goal is to bring the HIPCs’ debt down to sustainable levels so that repayment does not create an impediment to spending on the poor or on the HIPCs’ long-term growth. Reviewing the process thus far (2003), the paper concludes that while the process holds promise, there are early signs of potential difficulties that need to be monitored.
Description
Project number related to IDRC support could not be determined
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IDRC-Related Report
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Keywords
POVERTY ALLEVIATION, PUBLIC DEBT, DEBT RELIEF, PUBLIC FINANCE, EXTERNAL DEBT, AFRICA, LATIN AMERICA, PARTICIPATORY RESEARCH, SUSTAINABLE DEVELOPMENT, PUBLIC EXPENDITURE, STATISTICAL ANALYSIS, IMF, WORLD BANK, UNDP, NON-GOVERNMENTAL ORGANIZATIONS, GLOBAL SOUTH