Is Debt Forgiveness Useful for Poor Countries

By reducing a country’s debt level by 50 per cent, i.e. from 200 per cent of exports to 100 per cent of exports, its per capita GDP increases by between 0.5 per cent and 1 per cent per year. Since most of the debt levels of the countries accepted in this programme stood at 300 per cent of exports, their reduction by 50 per cent, to 150 per ... ................
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