International debt relief continues to be a highly controversial
subject. Although many heavily indebted poor countries have
received large amounts of debt relief over the past quarter of a
century, it doesn't appear to be enough. This book examines the
impact of international debt relief efforts since 1990. It assesses
whether the various debt relief modalities have enhanced economic
growth in eight highly indebted countries in Latin America and
Africa. Dijkstra argues that fundamental changes of the
international aid and debt architecture are necessary to stop the
flow of new multilateral loans and the possible perverse effects of
conditionality.
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