Description
| Summary: | The history of debt relief goes back several decades. It reveals that a country's accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country's policies and institutions. In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief frame.
|
|---|
| Physical Description: | 1 online resource (xxii, 451 pages) : illustrations |
|---|
| Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
|---|
| Bibliography: | Includes bibliographical references and index. |
|---|
| ISBN: | 0821378740
0821378759
9780821378748
9780821378755
1282355775
9781282355774
9786612355776
6612355778 |
|---|
| Language: | English. |
|---|
| Reproduction Note: | Electronic reproduction. |
|---|
| Source of Description, Etc. Note: | Print version record. |
|---|
| Action Note: | digitized |
|---|