 | Does Lower Debt Buy Higher Growth? The Impact of Debt Relief Initiatives on Growth Author/Editor: Sandra Marcelino, Ivetta Hakobyan. Release Date:December, 2014 In 1996, the IMF and the World Bank introduced the Heavily Indebted Poor CountriesInitiative—a comprehensive debt relief program aimed at reducing the external debtburden of eligible countries to more...
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| The Level and Composition of Public Sector Debt in Emerging Market Crises Author/Editor: Bjoern Rother, Ivetta Hakobyan, Monica Baumgarten de Bolle. Release Date:August, 2006 The paper examines the evolution of public sector debt levels and structures in 12 emerging market countries around the time of financial crises. In particular, it focuses on whether the debt more...
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