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Description
Heavily indebted low-income countries benefited from significant debt relief over the past decade. Under the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI), assistance of about $117 billion in nominal terms had been committed to 35 HIPC as of end-April 2009. This debt relief represents about half of the 2007 Gross Domestic Product (GDP) of these countries, whose debt burden is expected to drop...
Author
Description
Providing case studies of debt defaults by Russia, Ukraine, Pakistan, Ecuador, Moldova, and Uruguay, framed by a discussion of the history, economic theory, legal issues, and policy lessons of sovereign debt crises, this work examines the facts, economic theory, and policy implications of sovereign debt crises.
Description
"Celebrates the transformative trend within international aid of super-charged advocacy networks, mega-philanthropists, and mass public involvement through Internet charitable giving and increased overseas volunteering and offers lessons to ensure that this wave of generosity yields lasting and widespread improvements to the lives and prospects of the world's poorest"--Provided by publisher.
Description
The urgency of reducing poverty in the developing world has been the subject of a public campaign by such unlikely policy experts as George Clooney, Alicia Keyes, Elton John, Angelina Jolie, and Bono. And yet accompanying the call for more foreign aid is an almost universal discontent with the effectiveness of the existing aid system. In Reinventing Foreign Aid, development expert William Easterly has gathered top scholars in the field to discuss...
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