The Administration of Debt Relief by the International Financial Institutions

Zusatztext

1. Objectives and Plan of the Study. 1 2. Literature Review. 9 3. Structure. 20 Part I. Multilateral Debt Relief for Heavily Indebted Poor Countries. 23 A. The Heavily Indebted Poor Countries Initiative (HIPC). 26 1. Concessional Assistance to Low-Income Countries. 26 2. The HIPC Framework. 30 2. 1. The Heavily Indebted Poor Country Initiative of 1996. 33 2. 2. The Cologne G-8 Summit of 1999 and HIPC II. 39 2. 3. Eligibility and Implementation under the Enhanced HIPC Framework. 43 3. What kind of debt is addressed by HIPC?. 48 4. HIPC Funding and Finances. 50 4. 1. The PRGF-HIPC Trust of the IMF. 51 4. 2. The World Bank HIPC Trust Fund. 57 4. 3. The IDA Debt Reduction Facility. 60 4. 4. HIPC Financing through Multilateral Creditors. 61 4. 5. Conclusion: Trust Fund Financing. 62 5. HIPC Proceedings. 63 B. Debt Relief under the G-8: The Multilateral Debt Relief Initiative (MDRI). 67 1. MDRI as Operational Successor of HIPC. 69 2. Subsequent Changes in Lending Policies. 74 C. Case Study: The Contemporary History of Debt Relief in Ghana. 77 1. Ghanas History with Economic Aid. 80 2. Ghanas Reform Process under HIPC.86 X Table of Content 2. 1. Implementation of the HIPC Framework. 89 2. 1. 1. Preliminary Documents. 97 2. 1. 2. Ghana Poverty Reduction Strategy. 98 2. 1. 3. Decision Point Document. 102 2. 1. 4. Ghanas Completion Point. 104 2. 2. Donor Coordination under the Multi Donor Budgetary Support (MDBS).

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