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This paper models the resource implications of debt relief provided to low-income countries (LICs). Obtaining debt relief does not necessarily lead to individual aid-dependent countries receiving more overall resources from the donor community. Preliminary cross-section estimates suggest that...
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optimal form of debt write-downs and the conditionality requirements attached to it with such governance problems in mind. To … deal with the domestic distributive conflict, it is crucial that the conditionality requirements target both provision of … use of long-run conditionality requirements. Against such a benchmark, we then evaluate the efficacy of the current debt …
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The UK's Debt Relief (Developing Countries) Act 2010 aims to ensure that UK courts neither give nor enforce a judgment allowing recovery against Heavily Indebted Poor Countries (‘HIPC') on covered debts exceeding the amount calculated as sustainable under the HIPC Initiative.Some have objected...
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