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| HIPC
Debt Relief: Myths and Reality |
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| Edited
by: Jan Joost Teunissen and Age Akkerman. |
Published
by: FONDAD |
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Click to Enlarge |
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This book presents
a thorough analysis of the successes and failures
of the HIPC Initiative and provides a wide range
of suggestions on what needs to be done to ensure
that debt relief contributes to poverty reduction
and economic growth in poor developing countries.
Issues addressed include the bailing-out of IMF
loans by donor countries, the (mis)use of aid
funds for debt relief and repayment of export
credits, the need for including domestic debt
in assessments of debt sustainability, and the
question of whether debt relief should be de-linked
from IMF conditionality. |
"The HIPC Initiative has the potential to
achieve much more if reinforced and surrounded
by other initiatives."
"An alarming element in debt relief is that
large amounts of aid are being used to repay western
companies."
Contributors to the book include Matthew Martin
(Debt Relief International), Florence Kuteesa
and Rosetti Nayenga (Government of Uganda), Mothae
Maruping (MEFMI), Martin Gilman and Wayne Mitchell
(IMF), Amar Bhattacharya (World Bank) and Geske
Dijkstra (Erasmus University Rotterdam). |
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| May 24, 2004. |
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