From Toronto Terms to the HIPC Initiative : A Brief History of Debt Relief for Low-Income Countries »
Journal Issue
Volume/Issue: 1999/142
Series: IMF Working Papers
Author(s): Christina Daseking , and Robert Powell
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 1999
DOI: http://dx.doi.org/10.5089/9781451856231.001
ISBN: 9781451856231
Keywords: External Debt, HIPCs, Low-Income Countries, debt, debt reduction, debt relief, creditors, debt service
The low-income country debt crisis had its origins in weak macroeconomic policies, and official creditors’ willingness to take risks unacceptable to private lenders. Payments problems were initially addresse...