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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/10628

Title: Towards Debt Sustainability in Highly Indebted Developing Countries: An Appraisal of some attempts
Authors: Quartey, Joyce A.
Quartey, Jonathan D.
Keywords: Baker plan
Brady plan
Debt sustainability
Developing countries
Highly Indebted Poor Countries Initiative
Issue Date: 2014
Publisher: Developing Country Studies
Citation: Developing Country Studies;Vol.4, No.20, 2014
Abstract: This paper appraises the efforts of official creditors to help highly indebted developing countries escape the vicious cycle of debt unsustainability. It examines three major models through which highly indebted developing countries were assisted to achieve debt sustainability, namely; the Baker Plan, the Brady Plan and the Highly Indebted Poor Countries Initiative. In spite of the huge monetary costs incurred to run these programmes, debt sustainability continues to be a major challenge for most of the economies that benefitted from debt relief. The example of Ghana, a beneficiary of the Highly Indebted Poor Countries Initiative is highlighted to support the general evidence from literature. Highly indebted developing countries certainly need more than debt relief, and it is probably becoming clearer that money may not be the most important need of developing economies.
Description: An article published by Developing Country Studies;Vol.4, No.20, 2014
URI: http://hdl.handle.net/123456789/10628
Appears in Collections:College of Arts and Social Sciences

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