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dc.contributor.authorEuropean Network on Debt and Developmenten_US
dc.date.accessioned2011-12-14T09:39:45Z-
dc.date.available2011-12-14T09:39:45Z-
dc.date.issued2001en_US
dc.identifier.isbn9291900435en_US
dc.identifier.urihttp://hdl.handle.net/10419/52802-
dc.description.abstractThis paper reviews the main obstacles to human and social development posed by the current external debt burdens of the least development countries. In particular, it analyses the shortcomings of the mechanisms and thresholds used to assess the sustainability of debt levels in the HIPC Initiative. An alternative needs-based approach analysis of debt sustainability is proposed. The methodology explicitly emphasizes the need to prioritize poor countries’ social and poverty reducing expenditures over external debt servicing. Such an ‘affordable debt service’ analysis of debt sustainability shows clearly that additional debt reduction is required if the HIPCs are to achieve minimum levels of human development by 2015. – debt ; poverty ; economic development ; foreign aid ; debt sustainabilityen_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesWIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2001/110en_US
dc.subject.jelF34en_US
dc.subject.jelF35en_US
dc.subject.jelO19en_US
dc.subject.jelO55en_US
dc.subject.ddc330en_US
dc.subject.stwEntwicklungen_US
dc.subject.stwSchuldenerlassen_US
dc.subject.stwArmutspolitiken_US
dc.subject.stwVierte Welten_US
dc.titleDebt reduction for poverty eradication in the least developed countries: Analysis and recommendations on LDC debten_US
dc.typeWorking Paperen_US
dc.identifier.ppn336658923en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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