Can Debt Relief Boost Growth in Poor Countries?

 
Author/Editor: Clements, Benedict J. ; Bhattacharya, Rina ; Nguyen, Toan Quoc
 
Publication Date: June 01, 2005
 
Electronic Access: Free Full text


 
Summary: The Heavily Indebted Poor Countries (HIPC) Initiative, launched in 1999 by the IMF and the World Bank, was the first coordinated effort by the international financial community to reduce the foreign debt of the world’s poorest countries. It was based on the theory that economic growth in heavily indebted poor countries was being stifled by heavy debt burdens, making it virtually impossible for these countries to escape poverty. However, most of the empirical research on the effects of debt on growth has lumped together a diverse group of countries, and the literature on the countries’ impact of debt on poor is scant. This pamphlet presents the findings of the authors’ empirical research into the subject, analyzing the channels through which debt affects growth in low-income countries.
 
Series: Economic Issues No. 34
Subject(s): Debt relief | Economic growth | Heavily indebted poor countries

Notes Also available in Arabic, Chinese, French, Russian and Spanish.
 
English
Publication Date: June 01, 2005
ISBN/ISSN: 978-1-58906-354-9 / 1020-5098 Format: Paper
Stock No: EIIEA034 Pages: 20
 
 
Arabic
Publication Date: April 16, 2007
ISBN/ISSN: 978-1-58906-466-9 / 1020-8380 Format: Paper
Stock No: EIIAA034 Pages: 17
Price:
Free
 
 
Chinese
Publication Date: September 09, 2005
ISBN/ISSN: ISBN 1-58906-467-4 ; ISSN 1020-8399 Format: Paper
Stock No: EIICA34 Pages: 16
Price:
Free
 
 
French
Publication Date: August 30, 2005
ISBN/ISSN: ISBN 1-58906-464-X ; ISSN 1020-7724 Format: Paper
Stock No: EIIFA034 Pages: 18
Price:
Free
 
 
Russian
Publication Date: September 21, 2005
ISBN/ISSN: ISBN 1-58906-468-2 ; ISSN 1020-8402 Format: Paper
Stock No: EIIRA034 Pages: 20
Price:
Free
 
 
Spanish
Publication Date: October 05, 2005
ISBN/ISSN: ISBN 1-58906-465-8 ; ISSN 1020-8372 Format: Paper
Stock No: EIISA034 Pages: 18
Price:
Free
 
 
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