The fragile panacea of debt relief for developing countries

Keith Green

MPRA Paper from University Library of Munich, Germany

Abstract: The subject of debt relief for low income and highly indebted countries has risen to the fore of public debate in recent months. I review a brief history of major debt relief for low-income countries including the recent HIPC initiative and I discuss some factors that should be taken into consideration that would impact the usefulness of debt forgiveness on the affected countries. Finally, I conclude that debt relief is effective only in certain circumstances and needs to be applied with care.

Keywords: debt relief; low-income countries; HIPC (search for similar items in EconPapers)
JEL-codes: H63 O16 (search for similar items in EconPapers)
Date: 2005-02-01
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18098

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