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As part of the efforts of the international donor community to scale up aid to Africa, substantial debt relief has been granted in recent years through the Heavily Indebted Poor Countries (HIPC) Initiative and its successor, the Multilateral Debt Relief Initiative (MDRI). This paper tries to assess, for a sample of 24 African countries that have at least reached decision point status in the HIPC Initiative, to what extent this debt relief has created fiscal space in recipient country budgets, and what, on average, the actual fiscal response effects have been, relative to other types of aid.

pdf : 446.6 KB
author(s) :
Bjorn Van CAMPENHOUT
Danny CASSIMON
collection :
Working Paper
issn :
1954-3131
pages :
25
number :
63
available also in : en
446.6 KB (pdf)
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