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...

The "development credibility" of the current trade regime in general, and the WTO in particular, is at stake. The Doha Round aims to reverse the brewing scepticism by providing a reliable engine of trade-led growth and development. The essays in this volume identify the key challenges in this...

Foreign finance for private sector development (PSD) has become popular with the donor community and in multilateral development policy fora, seen as an antidote for recipient economies' aid dependency and a way of accomplishing growth, poverty reduction and empowerment. This book analyzes the...