Cover -- Contents -- Foreword -- Preface -- Chapter 1 Introduction -- Group A versus Group B -- Expanding Debt Relief -- Reinventing the Aid Architecture -- Appendix 1.1 Ten Questions about Debt and Debt Relief -- Chapter 2 The HIPC Initiative: Background and Critiques -- The Heavily Indebted...

The implicit assumption of the donor community is that Africa is trapped by its poverty, and that aid is necessary if Africa is to escape the trap. In this working paper, CGD president Nancy Birdsall suggests an alternative assumption: that Africa is caught in an institutional trap, wherein a...

Authors assess the dynamics behind the high net resource transfers by donors and creditors to Sub-Saharan African countries. Analyzing the determinants of overall net transfers for a panel of 37 recipient countries in 1978-98, Authors find that country policies mattered little. Donors especially...

Despite increasing volatility in the global economy, the uptake of the IMF's two precautionary credit lines, the Flexible Credit Line (FCL) and the Precautionary and Liquidity Line (PLL), has remained limited — currently to just four countries. The two new lending instruments were created in...