Commodity Prices and the Debt Relief Initiative
This chapter reviews the HIPC debt relief initiative to suggest that unless the commodity price shocks are taken into consideration, many of the beneficiaries may not exit the debt tap. The chapter presents approximate costs of expanding the HIPC Initiative to include all LDCs and SVS, and for considering the declining commodity prices, emphasizing that a permanent solution to the problem of debt crisis lies in the structural shift in composition of the export basket of these countries.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.