debt cancellation

…of highly indebted poor countries, debt relief has freed resources that are then tied to social investment funds. These funds frequently operate off-budget, with a significant degree of autonomy, in the management of the allocation of these monies. Results vary.

…and much of the country’s foreign debt was forgiven in 2005, but the process of economic recovery has been slow.

A significant portion of Haiti’s debt had been canceled in 2009 as part of the Heavily Indebted Poor Countries initiative of the International Monetary Fund (IMF) and World Bank, but the country still owed more than $1 billion to a range of creditors. With its economy barely functioning, the country…

Globally, debt forgiveness and reform of trade agreements so that they do more to benefit the least advantaged in each country can reduce income inequality and other forms of inequality, averting a race to the bottom.

…servicing, Mozambique benefited from several debt-forgiveness plans beginning in the 1990s and continuing into the early 2000s.

…events, was bolstered by significant debt relief and by economic reform measures enacted by the government. The country also saw an economic boom as foreign investors were drawn to existing and newly discovered sources of coal and natural gas. The new century also ushered in a change in leadership: in…

…recovery, fueled by foreign aid, debt forgiveness, and remittances from abroad, but his administration was also beset by charges of corruption, even in the allocation of aid following Hurricane Mitch (1998), which killed several thousand Nicaraguans and left hundreds of thousands homeless. Public confidence in Alemán was further eroded by…

…the bank’s statutes cannot be canceled or rescheduled—has perpetuated economic stagnation throughout the developing world.