The Impact of International Debt Relief (Routledge Studies in Development Economics)

International debt relief continues to be a highly controversial subject. Although many heavily indebted poor countries have received large amounts of debt relief over the past quarter of a century, it doesn’t appear to be enough. This book examines the impact of international debt relief efforts since 1990. It assesses whether the various debt relief modalities have enhanced economic growth in eight highly indebted countries in Latin America and Africa. Dijkstra argues that fundamental changes of the international aid and debt architecture are necessary to stop the flow of new multilateral loans and the possible perverse effects of conditionality. Covering Subject Areas Such As Debt Relief And Sustainability, International Financial Institutions And International Aid And Debt Architecture, This Book Is Required Reading For Courses On The Economics Of Development, Global Governance And Development Issues In General. It Will Also Be Useful To Staff In International Aid Agencies And Financial Institutions.--jacket. Introduction -- The Origins Of Debt And An Overview Of Debt Relief -- The Efficiency Of Debt Relief -- The Effectiveness Of Debt Relief -- The Relevance Of Debt Relief -- The Impact Of Debt Relief Since 2000 And Prospects For The Future. A. Geske Dijkstra. Includes Bibliographical References (p. [128]-133) And Index. Book Cover......Page 1 Title......Page 8 Copyright......Page 9 Contents......Page 12 Illustrations......Page 13 About the author......Page 16 Preface......Page 17 Abbreviations......Page 19 1 Introduction......Page 22 2 The origins of debt and an overview of debt relief......Page 34 3 The efficiency of debt relief......Page 52 4 The effectiveness of debt relief......Page 72 5 The relevance of debt relief......Page 102 6 The impact of debt relief since 2000 and prospects for the future......Page 121 Notes......Page 144 Bibliography......Page 149 Index......Page 155 Development Studies Book Cover 1 Title 8 Copyright 9 Contents 12 Illustrations 13 About the author 16 Preface 17 Abbreviations 19 1 Introduction 22 2 The origins of debt and an overview of debt relief 34 3 The efficiency of debt relief 52 4 The effectiveness of debt relief 72 5 The relevance of debt relief 102 6 The impact of debt relief since 2000 and prospects for the future 121 Notes 144 Bibliography 149 Index 155 Examines the impact of international debt relief efforts since 1990. This book assesses whether the various debt relief modalities have enhanced economic growth in eight indebted countries in Latin America and Africa. It includes eight country studies, a literature survey, econometric study and a study of the debt relief policies.