Towards HIPC 2.0? Lessons from past debt relief initiatives for addressing current debt problems

Dennis Essers and Danny Cassimon

No 2021.02, IOB Working Papers from Universiteit Antwerpen, Institute of Development Policy (IOB)

Abstract: When the COVID-19 pandemic added to already elevated debt vulnerabilities in low-income countries, the G20 launched the Debt Service Suspension Initiative (DSSI) and the Common Framework for Debt Treatments beyond the DSSI, which have provided limited relief so far. For several countries, deeper and more wide-ranging debt treatments will likely be needed to secure future debt sustainability. This paper looks at the Heavily Indebted Poor Countries (HIPC) initiative, the largest and most comprehensive debt relief effort for low-income countries to date, as a potential reference point for the 2020s.

Keywords: public debt; debt relief; Heavily Indebted Poor Countries initiative; Debt Service Suspension Initiative; G20 Common Framework; real options (search for similar items in EconPapers)
JEL-codes: F34 F63 H63 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2021-07
References: Add references at CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Towards HIPC 2.0? Lessons from Past Debt Relief Initiatives for Addressing Current Debt Problems (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:iob:wpaper:2021.02

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