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 doesna (TM)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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