This discussion paper explores critically high levels of public debt and debt service across many small island developing states. It asks to what extent debt may be hampering progress towards poverty reduction and the MDGs and puts forward a series of policy measures to support SIDS reduce their public debt burdens.
This Discussion Paper examines the Jamaica Debt Exchange Programme, and asks whether the initiative will help release additional funds for poverty reduction and restore debt sustainability to the island. The debt exchange will release over US$500 million in extra resources in 2010 but the government’s debt position remains fragile.
The actions of so-called vulture funds – or speculative investors in the debt of distressed companies or sovereign states – have grabbed international media headlines. What can be done to tackle the problem in the long-term?
This document outlines the essential components of a responsible loan process and recommends that lenders and borrowers sign up to the standards advocated in the Eurodad Charter.
This paper analyses and provides an update on latest developments associated with the HIPC Initiative and the Multilateral Debt Relief Initiative.
What did the G8 promise on debt cancellation? Do campaigners feel this deal really went far enough? Did the deal cover 100% of countries and 100% of debts?
This paper explores how the international community currently deals with arrears clearance operations. It finds that current approaches to the arrears problem only serve to support the skewed and highly conditional (re)engagement of countries with the international community.
This paper analyses debt cancellation numbers for the four Latin American countries considered heavily indebted. It finds the amount written down will be 30% on average, meaning that there are several important gaps in official debt relief plans. It calls for Inter-American Development Bank debt to also be cancelled.
Does the G7 debt deal represent the "historic breakthrough" Finance Ministers claim?