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Can Debt Relief Boost Growth in Poor Countries?
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Author/Editor: |
Clements, Benedict J. | Bhattacharya, Rina | Nguyen, Toan Quoc |
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Electronic Access: |
Free Full Text
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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.
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Series: |
Economic Issues No. 34 |
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Subject(s): |
Debt relief | Economic growth | Heavily indebted poor countries |
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Notes: |
Also available in Arabic, Chinese, French, Russian and Spanish. |
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Published: |
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April 16, 2007 |
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978-1-58906-466-9 / 1020-8380 |
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EIIAA034 |
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Pages: |
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17 |
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Free |
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Published: |
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September 9, 2005 |
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ISBN/ISSN: |
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ISBN 1-58906-467-4 ; ISSN 1020-8399 |
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Paper |
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Stock No: |
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EIICA34 |
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Pages: |
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16 |
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Free |
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Published: |
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June 1, 2005 |
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ISBN/ISSN: |
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978-1-58906-354-9 / 1020-5098 |
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Paper |
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Stock No: |
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EIIEA034 |
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Pages: |
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20 |
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Published: |
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August 30, 2005 |
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ISBN/ISSN: |
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ISBN 1-58906-464-X ; ISSN 1020-7724 |
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Format: |
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Paper |
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Stock No: |
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EIIFA034 |
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Pages: |
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18 |
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Free |
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Published: |
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September 21, 2005 |
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ISBN/ISSN: |
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ISBN 1-58906-468-2 ; ISSN 1020-8402 |
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Format: |
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Paper |
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Stock No: |
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EIIRA034 |
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Pages: |
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20 |
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Free |
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Published: |
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October 5, 2005 |
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ISBN/ISSN: |
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ISBN 1-58906-465-8 ; ISSN 1020-8372 |
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Format: |
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Paper |
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Stock No: |
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EIISA034 |
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Pages: |
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18 |
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Price: |
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Free |
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