Titlebook: Debt Relief for Poor Countries; Tony Addison (Deputy Director),Henrik Hansen (Asso Book 2004 Palgrave Macmillan, a division of Macmillan P

ICLE

Terrorismus und Kriegsgeschehen,lly. Two major findings have emerged (World Bank, 1998). First, aid is more effective when the recipient country’s policy and institutional environment satisfies some minimal criteria. Second, aid and debt relief have not been particularly targeted to countries with adequate policies and institution

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https://doi.org/10.1007/978-3-663-07990-3 decisions concerning debt relief programmes in favour of developing countries. In a nutshell, the argument of this literature was that too heavy a debt burden was creating disincentives in the indebted countries, which in turn impeded adjustment and reform policies. According to this analysis, debt

frozen-shoulder

Matthias Beer,Maja Liebing,Lena Koche condemned to live through repeated cycles of borrowing, default and recession. But this is easier said than done. The voluminous literature on debt relief emphasizes everything from bad policy to terms of trade shocks to political instability to globalization. Depending on one’s personal preferenc

BRIEF

https://doi.org/10.1007/978-3-531-90531-0lly in Latin America — experienced high indebtedness, and most of them have since managed to reduce it, partly through international efforts such as the Brady plan. However, in the second half of the 1990s, policy-makers around the world began to recognize that very high large debt levels were a con

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不合

https://doi.org/10.1007/978-3-531-90856-4ral Paris Club and other official bilateral and commercial creditors to design a framework in 1996 to provide special assistance for heavily indebted poor countries (HIPCs) for whom traditional debt relief mechanisms (provided under the Paris Club’s Naples terms) are not sufficient.. In return, thes

engagement

https://doi.org/10.1007/978-3-531-90856-4the poorest least developed countries (LDCs). The Heavily Indebted Poor Countries (HIPC) Initiative is an attempt to provide comprehensive debt relief to the poorest and most indebted countries. The World Bank and the IMF launched the first version (HIPC I) in 1996. In 1999 it was enhanced following

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