From Toronto Terms to the HIPC Initiative : A Brief History of Debt Relief for Low-Income Countries

A Brief History of Debt Relief for Low-Income Countries

From Toronto Terms to the HIPC Initiative : A Brief History of Debt Relief for Low-Income Countries
The low-income country debt crisis had its origins in weak macroeconomic policies, and official creditors' willingness to take risks unacceptable to private lenders. Payments problems were initially addressed through nonconcessional reschedulings and new lending that maximized financing while containing the budgetary costs for creditors. This... READ MORE...

Publication date: October 1999
ISBN 9781451856231
$15.00

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