From around 2000 onward, donors and recipient governments embarked upon a new aid paradigm. The most important elements include increased selectivity in the aid allocation, more ownership of recipient countries based on nationally elaborated PRSPs, and more donor alignment and harmonization via...

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.