This study brings readers up to date on the complicated and
controversial subject of debt relief for the poorest countries of
the world. What has actually been achieved? Has debt relief
provided truly additional resources to fight poverty? How will the
design and timing of the "enhanced Highly Indebted Poor Country
(HIPC) initiative" affect the development prospects of the world's
poorest countries and their people?
The study then moves on to address several broader policy
questions. Is debt relief a step toward more efficient and
equitable government spending, building better institutions, and
attracting productive private investment in the poorest countries?
Who pays for debt relief? Is there a case for further relief? Most
importantly, how can the case for debt relief be sustained in a
broader effort to combat poverty in the poorest countries?
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