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On the Merit of Debt Relief Programs in Heavily Indebted Poor Countries

Author

Listed:
  • Boniface P Yemba

    (Clarion University of Pennsylvania)

  • Inoussa Boubacar

    (Business Division, HCT ADMC)

Abstract

Although the HIPC Initiative is nearly complete, its merit is still being debated among policymakers as well as academicians. Debt relief under the Initiative was intended to help beneficiary countries achieve the Millennium Development (MDG) goals. Using four key indicators of development, this paper assesses the impact of HIPC Initiative on countries that achieved the completion point. Our results, based on dynamic panel model estimations provide supporting evidence indicating the failure of the Initiative to produce the expected outcome.

Suggested Citation

  • Boniface P Yemba & Inoussa Boubacar, 2018. "On the Merit of Debt Relief Programs in Heavily Indebted Poor Countries," Economics Bulletin, AccessEcon, vol. 38(2), pages 940-956.
    • Handle: RePEc:ebl:ecbull:eb-18-00240
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Debt Relief; External Debt; Heavily Indebted Poor Countries Initiative;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • H5 - Public Economics - - National Government Expenditures and Related Policies

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