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A Joint Submission to the World Bank and IMF Review of HIPC and Debt Sustainability
Northover, Henry Ladd, Paul Drapkin, Jane Kline, Sarah Lemoine, Francis
Northover, Henry
Ladd, Paul
Drapkin, Jane
Kline, Sarah
Lemoine, Francis
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Publication date
2002-08-01
Document type
Issue briefing
Pages
10
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English paper
Adobe PDF, 271.4 KB
Description
In this paper, a series of agencies propose that the World Bank and IMF and their shareholders radically overhaul the way in which debt relief is calculated and provided. The over-arching objective of debt relief must be to help mobilise the finances needed to achieve the MDGs. If HIPC countries are to meet these targets the principle of a 100% debt cancellation option needs to be agreed. Similarly, a broad set of economic and human development objectives must be applied when deciding what level of debt repayments a country can afford to make.
Language
English