In 2005, the Multilateral Debt Relief Initiative (

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Developing Countries: The U.S. has Not Fully Funded Its Share of Debt Relief, and the Impact of Debt Relief on Countries’ Poverty-Reducing Spending Is Unknown

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By Thomas Melito (au)
Year: 2009
Pages: 86
Binding Paperback

Product Code: 1437913253

Description

In 2005, the Multilateral Debt Relief Initiative (MDRI) eliminated debt owed to 4 international financial institutions: the International Monetary Fund (IMF), World Bank's International Dev’t. Assoc., African Dev’t. Fund, and Inter-American Dev’t. Bank. These 4 Inyernational Financial Institutionss are projected to provide $58 billion in total debt relief to 41 countries. This report: (1) analyzed the U.S. financing approach for debt relief efforts; (2) reviewed the extent to which MDRI might affect resources available to countries for poverty-reducing activities; and (3) assessed revisions to the analyses conducted by the World Bank and IMF to review and promote future debt sustainability. Includes recommendations. Charts and tables.

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