Eurodad's campaign on multilateral debt: the 1996 HIPC debt initiative and beyond
Journal
Development in PracticeDocument type
Journal articleLanguage
EnglishDescription
'Multilateral debt is not a widespread problem for Severely Indebted Low Income Countries' wrote the World Bank in September 1994. Two years later, the International Financial Institutions-the World Bank and the International Monetary Fund-agreed to a proposal to bring the debt of Heavily Indebted Poor Countries (HIPCs) to sustainable levels. While imperfect, the proposal went some way to meeting the demands of NGOs which, with progressive forces both within the World Bank and among creditor countries, have played a crucial role in this process. While the multilateral debt problem is now too great to ignore, the authors maintain that it has been the persistent pressure of these players that has been responsible for the enormous progress made by the IFIs.<p>This article is hosted by our co-publisher Taylor & Francis.</p>Pages
12ISSN
0961-4524EISSN
1364-9213ae974a485f413a2113503eed53cd6c53
10.1080/09614529853611