Debt Relief
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves. In the late 20th century, it came to refer primarily to Third World debt, which started exploding with the Latin American debt crisis (Mexico 1983, etc.). In the early 21st century, it is of increased applicability to individuals in developed countries, due to credit bubbles and housing bubbles.
WikipediaPublications
MP-IDSA: Manohar Parrikar Institute for Defence Studies and Analyses · 26 July 2024 English
Since the end of the Second World War, the US’s engagement in South Asia has undergone changes in response to evolving geopolitical dynamics in the region and the global landscape. …
positions, aided by China’s reluctance to provide debt relief. However, Sri Lanka appears to be reluctant to … economic crisis deepened, Sri Lanka hoped for debt relief from China, considering the favourable decisions … misinterpretation of China’s policy. China did not grant debt relief to any country under the BRI to avoid establishing … offers from countries like India and Japan for debt relief, China’s slow response raised concerns among … Club Piles Pressure on China to Join Sri Lanka Debt Relief ’, Bloomberg, 7 February 2023 at https://www …
NCAER: National Council of Applied Economic Research · 18 July 2024 English
The development of the Punjab economy, as driven by the evolution of the GR and its impacts on the wider economy, has resulted in a mixed picture regarding growth of …
Policy Forum 2024 government could set up a debt relief fund (DRF) and issue an appeal to all concerned …
Amnesty International · 16 July 2024 English
The effects of the past In 1994, the new democratic government of South Africa inherited an unsustainable budget deficit, rampant inflation (18.9% in 1991), depressed investor confidence, a mountain of …
resourced. To date the country has not had to seek debt relief through programmes such as the Heavily Indebted …
World Bank Group · 15 July 2024 English
macroeconomic forecasts. As with the December 2023 LIC-DSA, the baseline assumes full delivery of debt relief under the HIPC Initiative, Multilateral Debt ReliefInitiative (MDRI), and beyond-HIPC assistance …
assumes full delivery of debt relief under the HIPC Initiative, Multilateral Debt Relief Initiative (MDRI) … as for creditors that had already signed a debt relief agreement during 2020-2023. 4. The estimated … End-2023 estimates include full delivery of HIPC debt relief, MDRI, and beyond-HIPC assistance. 2/ Includes … Initiative debt relief, a number of Paris Club creditors also agreed to provide beyond-HIPC debt relief to Somalia … Saudi Arabia have already completed relevant debt relief and restructuring under the Enhanced HIPC Initiative …
NCAER: National Council of Applied Economic Research · 6 July 2024 English
Disclaimer: The papers and the associated comments represent the views of the individual authors and do not imply agreement by the IPF Editors or the Governing Body, officers, or staff …
raise cheaper loans from the market. Under DCRF, debt relief was provided to the States through debt reduction … Responsibility and Budget Management legislation. Debt relief was linked to the improvement in fiscal performance … Government was, therefore, at once supporting debt relief but attempting to head off the need for further … the discoms. Aside from the total amount of debt relief, there are large subsidies built into the program …
NCAER: National Council of Applied Economic Research · 6 July 2024 English
Having averaged 60 percent of GDP in the 1980s, it rose to 70 percent in the 1990s and 80 percent in the 2000s. [...] Note: We use the shares of …
raise cheaper loans from the market. Under DCRF, debt relief was provided to the States through debt reduction … Responsibility and Budget Management legislation. Debt relief was linked to the improvement in fiscal performance …
NCAER: National Council of Applied Economic Research · 6 July 2024 English
The arrows indicate the increase in percentage of households electrified between the two years and the figures are the increase in percentage points. [...] The Fiscal Standing of India’s State-owned …
Government was, therefore, at once supporting debt relief but attempting to head off the need for further … the discoms. Aside from the total amount of debt relief, there are large subsidies built into the program …
IGAD: Intergovernmental Authority on Development · 4 July 2024 English
Somalia - - - 54.7 - - - 46.3 Uganda 33.0 - - 26.0 - 27.0 - - Eritrea* - - - - 23.4 - - - Djibouti* - - …
100% debt cancellation through the Multilateral Debt Relief Initiative in 2006, Over2a0ll, IGAD accounts … Executive Boards of the IMF and World Bank approved debt relief for Sudan under the HIPC initiative points since …
MP-IDSA: Manohar Parrikar Institute for Defence Studies and Analyses · 2 July 2024 English
On 22 Kenya withdraws its controversial June 2024, the ANC, the DA, and the Financial Bill amid protests Inkatha Freedom Party (IFP) and the The Kenyan government in its proposed …
neo-colonial extraction, which called for greater debt relief for African partners must follow a developing …
IMF: International Monetary Fund · 27 June 2024 English
GDP growth in 2023 was strong (7.3 percent), exceeding expectations for the third year in a row since the downturn in 2020. Unemployment is near pre-crisis levels while inflation has …