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Debt Relief for Poor Countries

Debt Relief for Poor Countries
After a massive international campaign calling attention to the development impact of foreign debt, the Heavily Indebted Poor Countries (HIPe initiative is now underway. But will the HIPC Initiative meet its high expectations? Will debt relief substantially raise growth? How do we make sure that debt relief benefits poor people? And how can we ensure that poor countries do not become highly indebted again? These are some of the key policy issues covered in this rigorous and independent analysis of debt, development, and poverty.



Debt Relief for Poor Countries
Debt Relief for Poor Countries
After a massive international campaign calling attention to the development impact of foreign debt, the Heavily Indebted Poor Countries (HIPC) initiative is now underway. But will the HIPC Initiative meet its high expectations? Will debt relief substantially raise growth? How do we make sure that debt relief benefits poor people? And how can we ensure that poor countries do not become highly indebted again? These are some of the key policy issues covered in this rigorous and independent analysis of debt, development, and poverty.



Debt relief - Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations.

Society for the Relief of Free Negroes Unlawfully Held in Bondage - The Society for the Relief of Free Negroes Unlawfully Held in Bondage was the first American abolition society, formed April 14, 1775, in Philadelphia, Pennsylvania. The first president was James Baldwin.

Debt-free money - Debt-free money is simply the creation of new money into the economic system. Governments already do this by the issuance of paper, and coin.

Risk-free bond - A risk-free bond is a theoretical bond that repays interest and principal with absolute certainty. In practice, government bonds are treated as risk-free bonds, as governments can raise taxes or indeed print money to repay their domestic currency debt.



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