Delivering on Debt Relief: From IMF Gold to a New Aid Architecture - Softcover

Birdsall, Nancy; Williamson, John

 
9780881323313: Delivering on Debt Relief: From IMF Gold to a New Aid Architecture

Inhaltsangabe

The first study published by the Institute for the new Center for Global Development, founded in November of 2001. The authors examine the economics of foreign debt and make recommendations for expanding and improving the International Monetary Fund and World Bank endorsed HIPC (heavily indebted poor country) initiative. They argue that the current initiative perversely focuses on improving the performance of recipient countries, failing to address the political and bureaucratic incentives that led donors and creditors to provide unmanageable loans. They recommend expanding debt reduction if debt servicing exceeds two percent of a country's GNP, expanding eligibility for the HIPC Initiative to all low-income countries, and the creation of ten years insurance against being pushed into unsustainability by factors beyond their control. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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Über die Autorin bzw. den Autor

Nancy Birdsall currently serves on the Institute's Board of Directors and is the founding president of the Center for Global Development (CGD) in Washington, DC, USA. She is also the former executive vice-president of the Inter-American Development Bank. She co-founded CGD in November 2001 with C. Fred Bergsten and Edward W. Scott, Jr. Prior to becoming the President of CGD, Birdsall served for three years as Senior Associate and Director of the Economic Reform Project at the Carnegie Endowment for International Peace.

John Williamson, senior fellow (retired), was associated with the Institute from 1981 to 2012.

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