by
Primo Braga Carlos A.; Doemeland Doerte
Language: English
Release Date: October 6, 2009
The history of debt relief goes back several decades. It reveals that a country's accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with...