Description
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 doesn’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. The book includes eight country studies, four from Latin America and four from Africa, a literature survey, econometric study and a study of the debt relief policies. Showing that the basic weaknesses of the international aid and debt system revealed by the study have still not been solved, the author draws on her years of experience to suggest ways of moving forward.
