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Debt and the Millennium Development Goals: A New Deal for Low-income Countries

November 8, 2010

The global consensus around the achievement of the Millennium Development Goals (MDGs) has elevated the development targets to the new "gold standard" of international development cooperation. This paper sets out the policy actions required by the World Bank, IMF, and bilateral donors if their stated commitment to the fulfilment of the MDGs is to be taken seriously.

A Joint Submission to the World Bank and IMF Review of HIPC and Debt Sustainability

August 1, 2002

In this paper, a series of agencies propose that the World Bank and IMF and their shareholders radically overhaul the way in which debt relief is calculated and provided. The over-arching objective of debt relief must be to help mobilise the finances needed to achieve the MDGs. If HIPC countries are to meet these targets the principle of a 100% debt cancellation option needs to be agreed. Similarly, a broad set of economic and human development objectives must be applied when deciding what level of debt repayments a country can afford to make.