Delivering on Debt Relief:
From IMF Gold to a New Aid Architecture
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- Letters to The Editor: Loan Write--off Would Make Best Use of IMF Gold Sale (Financial Times)
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- IMF, World Bank Face Irrelevance [Washington Post]
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Nancy Birdsall and John Williamson Assisted by Brian Deese
04/10/2002
Copublished with the Institute for International Economics 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 Heavily 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 important, how can the case for debt relief be sustained in a broader effort to combat poverty in the poorest countries?
What others are saying:
"A hard-headed analytical work that is sensitive to the needs of poor countries. The authors do a wonderful job of sorting their way through a confusing set of issues. Their answers are simple, compelling and powerful." - Dani Rodrik, John F. Kennedy School of Government Harvard University
"...establishes a solid place for debt relief within the broader development agenda and highlights the role of the Center for Global Development in bridging the gap between campaigners and scholars in the development policy debate." - Gerry Flood, United States Conference of Catholic Bishops
April 2002 •192 pp. •ISBN 088132-331-4 •$20.00
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